Raytheon is to provide designs for a new missile replacing the US Army's existing tactical missile system weapons.
Designed to comply with the US Army's long-range precision fires (LRPF) requirement, the new weapon system will be integrated with the M270 multiple launch rocket system (MLRS) and M142 high-mobility artillery rocket system (HIMARS).
Raytheon Advanced Missile Systems vice-president Dr Thomas Bussing said: "Our LRPF design will provide the US Army with double the combat power of its ground launchers by utilising a new design that fits two missiles in a single launcher pod, increasing effectiveness at a fraction of the cost of the current weapon.
"Advances in propulsion will enable LRPF to fly faster over longer distances, approximately 500km, to defeat fixed land targets. This is the definition of overmatch against future threats."
The newly designed weapon system is expected to enhance speed, range and power, as well as reduce costs for the army.
Last week, the company unveiled plans to launch its new GaN-based AESA radar at the US Army Global Force Symposium and Exposition in Huntsville, Alabama, US.
The radar protects soldiers from threats including ballistic and cruise missiles, as well as unmanned aircraft.