Raytheon Awarded $243 M Standard Missile-6 Contract
The U.S. Navy awarded Raytheon Company (NYSE: RTN) a $243,478,659 contract for procurement of 89 Standard Missile-6 Block I all up rounds, spares, containers and services. The contract was awarded in Raytheon's third quarter.
About the Standard Missile-6
The SM-6 provides U.S. Navy sailors and their vessels extended range protection against fixed- and rotary-wing aircraft, unmanned aerial vehicles and cruise missiles as part of the Naval Integrated Fire Control-Counter Air (NIFC-CA) mission area.
Global Missile Industry 2015 Market Research Report
SM-6 delivers a proven over-the-horizon air defense capability by combining the Standard Missile's airframe and propulsion with the Advanced Medium-Range Air-to-Air Missile's signal processing and guidance control capabilities.
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Source : Raytheon Corporation (NYSE: RTN)