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Raytheon receives contract for SM-3 production

Aug. 03, 2016 9:31 AM ETRaytheon Company (RTN) StockRTXBy: Yoel Minkoff, SA News Editor
  • The U.S. Missile Defense Agency has exercised a $523M contract option with Raytheon (NYSE:RTN) to produce, test and deliver 47 Standard Missile-3 Block IB interceptors for operational testing and deployment.
  • The guided missiles are used by the U.S. Navy to provide regional defense against short-to-intermediate-range ballistic missile threats.

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