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Raytheon awarded contract for SM-6 production

|About: Raytheon Company (RTN)|By: , SA News Editor

The U.S. Navy grants Raytheon (NYSE:RTN) $270M to exercise fiscal 2016 options for Standard Missile-6 production and spares requirements.

So far, the company has delivered more than 250 missiles to the Navy, which deployed SM-6 for the first time in 2013.

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