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Arizona Daily Star (Tucson)
April 15, 2008 By Arizona Daily Star
Raytheon Co., the world's largest missile maker, and Boeing Co. will jointly bid for the contract to develop an air-to-ground missile to replace the Hellfire system for the U.S. Army and Navy.
The new Joint Air to Ground Missile, or JAGM, would begin service in 2016 and be used on helicopters including the Apache Longbow and Super Cobra, Waltham, Massachusetts-based Raytheon said in a statement Monday. The system would also be carried by fighter jets such as the F/A-18 Super Hornet.
The proposals will be submitted next month and two applicants — to be announced by the end of the year — will receive $125 million each to develop a 27-month technology demonstration, said John Nelson, spokesman for Raytheon.
At the end of that process, one applicant will be selected to lead the production, which would begin in 2016 and run through 2020 or 2022, Nelson said.
The value of the contract is more than $7 billion, he said.
Raytheon, which had 2007 sales of $21.3 billion, will lead the bid. Current Pentagon plans call for spending $68 million on research and development for the new missile this year, which would more than double to $181 million next year, according to the Defense Department's budget for fiscal 2009 submitted in February.
April 15, 2008 By Arizona Daily Star
Raytheon Co., the world's largest missile maker, and Boeing Co. will jointly bid for the contract to develop an air-to-ground missile to replace the Hellfire system for the U.S. Army and Navy.
The new Joint Air to Ground Missile, or JAGM, would begin service in 2016 and be used on helicopters including the Apache Longbow and Super Cobra, Waltham, Massachusetts-based Raytheon said in a statement Monday. The system would also be carried by fighter jets such as the F/A-18 Super Hornet.
The proposals will be submitted next month and two applicants — to be announced by the end of the year — will receive $125 million each to develop a 27-month technology demonstration, said John Nelson, spokesman for Raytheon.
At the end of that process, one applicant will be selected to lead the production, which would begin in 2016 and run through 2020 or 2022, Nelson said.
The value of the contract is more than $7 billion, he said.
Raytheon, which had 2007 sales of $21.3 billion, will lead the bid. Current Pentagon plans call for spending $68 million on research and development for the new missile this year, which would more than double to $181 million next year, according to the Defense Department's budget for fiscal 2009 submitted in February.