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Raytheon Selling $106 Million Worth of Smart Bombs

On Thursday, Waltham, Mass.-based Raytheon (NYSE: RTN  ) reported that it has booked an order to sell $106 million worth of Paveway II smart bombs to ... somebody.

In a press release, Raytheon confirmed the award of the sizable order for kits to convert GBU-12 and GBU-58 "dumb" bombs into Paveway II smart bombs. The company further confirmed that the order was booked at some point in the second fiscal quarter (i.e., this one).

But Raytheon did not disclose to whom, specifically, it will deliver the munitions. Rather, Raytheon Missile Systems' Air Warfare Systems vice president Harry Schulte gave the cryptic comment: "Customers worldwide continue to select Raytheon's Paveway to protect their warfighters and citizens. This contract further demonstrates Raytheon's long-standing commitment to its international partners."

Whoever they might be.

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9/30/2016 4:02 PM
RTN $136.13 Down -0.41 -0.30%
Raytheon CAPS Rating: ****