Boeing, Raytheon launch new missile: "Aerospace giants Raytheon Missile Systems and Boeing Co. have teamed up, testing a tactical missile anticipated to be launched by a half-dozen different aircraft.
The joint venture aims to secure a $5 billion contract to build more than 33,000 missiles for the U.S. Army, Navy and Marine Corps. The Joint Air-to-Ground Missile, known best by its JAGM acronym, is expected to replace Hellfire, Maverick and TOW missiles.
Both Boeing and Raytheon said recently that a test missile launch was completed with success at the White Sands Missile Range in New Mexico.
The JAGM employed its infrared guidance system to lock on to the target before it launched and hit a stationary battlefield tank more than 2 miles away."
