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PICTURE: Meet Raytheon/Boeing's candidate to replace HELLFIRE

Pictured below is Raytheon/Boeing team's baby for winning the Joint Air to Ground Missile (JAGM) contract.

Both the Raytheon/Boeing team and Lockheed Martin are fighting to win the contract, but it promises to be a tough challenge no matter who wins.

The Army and Navy not only want a weapon that can replace the AGM-114 HELLFIRE. They also want to add a modular warhead to penetrate armored targets or buildings, a tri-mode seeker for all-weather performance and double the range to 16km. And, oh yeah, it must be able to be fired from either a helicopter or a jet.

For those with long memories, this is the army's second attempt to replace the HELLFIRE. The Joint Common Missile was awarded to Lockheed in 2004, but was canceled less than a year later by former Secretary of Defense Donald Rumsfeld.

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