Raytheon gets $2 billion U.S. Air Force contract for nuclear cruise missile By Reuters

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© Reuters. FILE PHOTO: The Raytheon stand is seen at the 53rd International Paris Air Show at Le Bourget Airport near Paris, France June 21, 2019. REUTERS/Pascal Rossignol/File Photo

(Reuters) -Raytheon Technologies Corp has been awarded an about $2 billion contract by the U.S. Air Force to develop and make a nuclear-armed cruise missile, the U.S. aerospace maker said on Thursday.

The long-range standoff weapon (LRSO) will be manufactured in Tucson, Arizona, and is expected to be completed in February 2027, Raytheon (NYSE:) said.

It will replace the aging air-launched cruise missile that was fielded in the early 1980s with a 10-year design life.

Bloomberg News earlier on Thursday reported that the Air Force plans to buy up to 1,000 LRSOs. (https://bloom.bg/3dA4CJQ)

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