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Thursday, Dec 8, 2016


Raytheon Awarded $149 M for Standard Missile-6s

The U.S. Navy awarded Raytheon Company (NYSE: RTN) an additional $149 million for 74 Standard Missile-6 all up rounds, spares, containers and services.  When combined with the nearly $110 million long-lead material purchase made in March 2015, the total full-rate production contract for Fiscal Year 2015-2016 is $259 million.  Future contract modifications include options which, if exercised, would bring the cumulative value of this contract to nearly $563 million.
USS John Paul Jones launches a Raytheon-made Standard Missile-6 during testing.

"The SM-6 has advanced capabilities and speed," said Mike Campisi, SM-6 senior program director. "Combatant commanders want their deployed ships armed with as many of these interceptors as possible, and we're ramping up production to meet that need."


SM-6 is a surface-to-air supersonic missile capable of successfully engaging manned and unmanned aerial vehicles and fixed- and rotary-wing aircraft. It also defends against land-attack and anti-ship cruise missiles in flight.

The SM-6 deployed for the first time in 2013, and Raytheon has delivered more than 160 missiles. The missile's final assembly takes place at Raytheon's state-of-the-art SM-6 and SM-3 all-up-round production facility at Redstone Arsenal in Huntsville, Ala.

About the Standard Missile-6
SM-6 delivers a proven over-the-horizon air defense capability by leveraging the time-tested advantages of the Standard Missile's airframe and propulsion.

  • The SM-6 uses both active and semiactive guidance modes and advanced fuzing techniques.
  • It incorporates the advanced signal processing and guidance control capabilities from Raytheon's Advanced Medium-Range Air-to-Air Missile.

Source : Raytheon Corporation (NYSE: RTN) - view original press release

Published on ASDNews: Jun 2, 2015

 

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