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.

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.

Source: Raytheon Corporation (NYSE: RTN)
Date: Oct 1, 2013