Raytheon Company (NYSE: RTN) has begun development on an extended range (ER) variant of the Advanced Medium Range Air to Air Missile (AMRAAM). Designed specifically for ground-based air defense, AMRAAM-ER will enable intercepts at longer range and higher altitudes. “With AMRAAM-ER, Raytheon is rewriting the book on ground-based air defense. The new missile will be [...]
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