The U.S. Navy awarded Raytheon Company $270 million to exercise fiscal 2016 options for Standard Missile-6 production and spares requirements.
"U.S. Navy commanders want both capability and flexibility to meet a wide variety of missions, and that's exactly what SM-6 offers," said Mike Campisi, Standard Missile-6 senior program director. "Its use is transforming defense."
Raytheon has delivered more than 250 missiles to the U.S. Navy, which deployed SM-6 for the first time in 2013.
In recent testing, SM-6 has shown expanded mission capability in three key areas: Anti-Air Warfare, Sea-Based Terminal and Anti-Surface Warfare. The tri-mission capability of SM-6 continues to emphasize its value by providing additional capability beyond its original intended mission.
The final assembly of SM-6 takes place at Raytheon's state-of-the-art production facility at Redstone Arsenal in Huntsville, Ala.
About the Standard Missile-6
SM-6 delivers a multi-mission, proven over-the-horizon air defense capability by leveraging the time-tested advantages of the Standard Missile's airframe and propulsion.
Source: Raytheon Corporation (NYSE: RTN)
Date: Mar 8, 2016