Raytheon Selling $106 Million Worth of Smart Bombs

By Rich Smith – May 30, 2013 at 8:34PM

NYSE: RTN

Raytheon

But who is the lucky customer?

On Thursday, Waltham, Mass.-based Raytheon (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.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Raytheon. We Fools don't 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.