After more than two decades in mothballs, Raytheon (RTN) formally restarts production of its...

|About: Raytheon Company (RTN)|By:, SA News Editor

After more than two decades in mothballs, Raytheon (RTN) formally restarts production of its laser-guided Maverick missile, with the first weapon expected to be delivered to the U.S. Air Force in late 2012. Production began following a rigorous U.S. Air Force and Navy Developmental Testing/Operational Testing program that culminated in a production contract in late last year. Shares +0.2% AH.