Raytheon Company (RTN) announced Friday that its airborne targeting system exceeded 750,000 hours of flight.
The system, called the Multi-Spectral Targeting System, is used by soldiers and commanders in the field from both manned and unmanned aircrafts for long-distance video surveillance. The system was developed for the US Air Force’s Predator unmanned aircraft, but is supplied to various militaries worldwide, the company said.
"Our solid partnership with the U.S. Air Force has enabled us to develop this unique system to meet defense requirements," said Tim Carey, vice president for Intelligence, Surveillance and Reconnaissance, in a release. "With 750 000 operational flight hours, this electro-optical infrared system offers proven reliability and capability that support the warfighter in operations around the world."
Shares of Raytheon Company rose 39 cents or 0.70% in Friday’s session to close at $56.24. The stock was flat in after-hours trading.
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