Raytheon Technologies has won a $2 billion contract to develop a new Long Range Standoff (LRSO) weapon system for the US military - a nuclear-capable, air-launched cruise missile with a range of 1,500 miles. The US expects the new weapon system to enter full production in 2027, and plans to build up to 1,000. The weapon will be able to carry low-medium yield W80 nuclear warheads, as well as conventional munitions.