RTN To Develop AI3 System
Raytheon Company (NYSE:RTN) has received a contract worth $79.2 million from the U.S. Army to develop a system known as Accelerated Improved Intercept Initiative (“AI3”) that will detect and destroy incoming rockets aimed at troops. The demonstration for the system will be done over 18 months and is expected to be followed by a low [...]
Raytheon Company (NYSE:RTN) has received a contract worth $79.2 million from the U.S. Army to develop a system known as Accelerated Improved Intercept Initiative (“AI3”) that will detect and destroy incoming rockets aimed at troops. The demonstration for the system will be done over 18 months and is expected to be followed by a low rate initial production.
AI3 Battle Element consists of an interceptor developed by Raytheon and a government furnished launcher, fire control system, and command … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards