September 11, 2009 (FinancialWire) — The U.S. Air Force awarded Raytheon Co. (NYSE: RTN) a $77.4 million foreign military sales contract to produce AGM-65D and AGM-65G2 infrared-guided Maverick air-to-surface missiles for Korea and Taiwan.

The AGM-65 Maverick line is used by the air, naval and marine forces of 33 countries. More than 69,000 missiles have been produced to date, and more than 6,000 have been used in combat.

Under the award, Raytheon will build and provide life-cycle support for more than 250 new missiles. The company began production of the missile’s IR guidance and control sections in November 2008.

Waltham, Massachusetts-based Raytheon is specialized in defense, homeland security and other government markets. The company provides electronics, mission systems integration and other capabilities in the areas of sensing, effects and command, control, communications and intelligence systems, as well as a range of mission support services.

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