The missile will be carried by Harrier and Tornado jets
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A Scottish firm has won a £140m contract to build one of the world's most advanced precision guided bombs.
The Ministry of Defence contract will create up to 50 jobs at the Raytheon Systems plant in Glenrothes and up to 200 at suppliers across the UK.
The new Paveway IV missile will be carried on the RAF's Harrier and Tornado aircraft.
The bomb will give the UK an enhanced ability to conduct 24-hour precision
attacks, the MoD said.
Components for the missiles will be manufactured at Thales in Basingstoke, Portsmouth Aviation Technology in Portsmouth and MBM Technologies in Brighton.
The Paveway IV is equipped with the latest Global Positioning System
technology and is designed to operate in all weather conditions.
It incorporates a sophisticated fail-safe fuse mechanism, which has been
engineered to minimise the risk of "collateral damage", the MoD said.
The bomb's advance guidance device will be made by Raytheon Systems Limited (RSL), while the fail-safe fuse mechanism will be built by Thales Missile Electronics at Basingstoke.
The bomb tails and containers will be manufactured by Portsmouth Aviation
Limited, said the MoD.
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THE PAVEWAY IV
Missile will enter service in 2007, replacing existing dumb and laser-guided bombs
At 500lb, it is half the weight of most bombs
Unlike laser-guided munitions it is designed to be able to "see through" clouds to its
target
Will be used on the Harrier GR9, Tornado GR4 and Typhoon aircraft
Its Late-Arm safety device fuse disarms the missile if it veers off course
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Defence Minister Lord Bach said: "The award of the precision guided bomb
contract is great news for our Armed Forces and British industry.
"Operations in the Gulf and the Balkans have highlighted the pressing need
for our Armed Forces to have a precision air attack capability that can be used in any weather.
"Paveway IV will provide them with that capability and I'm delighted that the
system will be produced and assembled in Britain."
The much larger 2,000lb Paveway III series will remain in service because of
its use in targeting tough or below-ground targets.
Welcoming the deal, RSL managing director Jack Cronin said: "Paveway IV will provide the RAF with a weapon of great accuracy and considerable mission flexibility."