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Raytheon Gives Enemy Radar Operators a New Headache

By Rich Smith - Apr 25, 2013 at 12:27PM

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Is it a bird? Is it a plane? No, it's a MALD. (All together now: "What's a MALD?")

Life just got more complicated for anyone going up against the U.S. Air Force -- thanks to Raytheon (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.

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