- Raytheon (NYSE:RTN), Lockheed Martin (NYSE:LMT) and Northrop Grumman (NYSE:NOC) are each awarded U.S. missile defense contracts worth as much as $4.1B, the Department of Defense announces.
- The primary purpose of the contract is to provide autonomous acquisition and persistent precision tracking and discrimination to optimize the defensive capability of the U.S. ballistic missile defense system and counter evolving threats, the Pentagon says.