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Lockheed Martin, Raytheon, Submit JAGM Proposals

DDN

Tuesday, June 7th, 2011

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Teams led by Lockheed Martin [LMT] and Raytheon [RTN] submitted their Joint Air-to-Ground Missile (JAGM) proposals June 6, the deadline to respond to the government's Request for Proposals (RFP) for the next phases of the program. Raytheon is partnered with Boeing [BA] on the program. JAGM is to be the next-generation air-to-surface guided missile expected to replace the aging Airborne TOW, Maverick and Hellfire family of missiles for the Army, Navy and Marine Corps. On April 13, the Army Aviation…

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