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Raytheon (RTN -0.2%) says it successfully tested an upgrade to its SM-3 ballistic missile...

Raytheon (RTN -0.2%) says it successfully tested an upgrade to its SM-3 ballistic missile interceptor to help pave the way for European navies to protect the region against long-range weapons from countries such as Iran. The tests involved a radar used jointly by Dutch, German and Danish navies which provides target information to the interceptor, thus adding to the long-range capability of the system.
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