RAYTHEON, SAAB TEAM TO DEVELOP NEW INFANTRY WEAPONS
Raytheon Company (NYSE: RTN) and Swedish aerospace and defense firm Saab will partner to develop new weapons for infantry forces. Initially, the team will upgrade the Carl-Gustaf reloadable shoulder-launched weapon system and explore opportunities to enhance Saab’s AT4 disposable weapon system to meet near-term U.S. and international requirements.
The Carl-Gustaf system is used by the US Army and ground forces of 40 other countries in the world’s most demanding combat environments. The multi-role weapon has been modernized to meet the changing needs of soldiers on the ground. For example, Saab recently improved portability by reducing the weight of the latest version, the M4/M3E1, from 22 to 15 pounds.