Life just got more complicated for anyone going up against the U.S. Air Force -- thanks to Raytheon (NYSE:RTN). Earlier this week, the nation's foremost missile maker announced that USAF has ordered up 202 of its MALD-J radar-jamming, plane-spoofing drone missiles.
This order caps five successful years in which Raytheon's MALD has notched more than 800 deliveries, and racked up an order book of some 1,300 missiles -- all authorized by funded contracts.
But what is MALD exactly, and what does it mean for Raytheon investors? Fool contributor Rich Smith explains.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Raytheon Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.