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Article: Raytheon Receives $14 Million Contract For Jointly Funded U.S./UK Ordnance Effort.
- Article from:
- PR Newswire
- Article date:
- November 27, 2000
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TUCSON, Ariz., Nov. 27 /PRNewswire/ --
Raytheon Company (NYSE: RTNA; RTNB) has been awarded a $14 million contract for the Programmable Integrated Ordnance Suite Phase II (PIOS II). The U.S. Air Force Research Laboratory and the United Kingdom Ministry of Defence (MoD) are jointly funding the effort.
"In the past, there have been two traditional ways of improving the chances of destroying a target - getting closer, so that your punch has more effect, or having a bigger punch," said Terry Adams, United Kingdom Ministry of Defence Procurement Agency project manager. "PIOS is a concept designed with eyes to look at the target, then deliver a more ...