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.