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Thursday, September 10, 2009

U.S. Navy Awards Raytheon $93 Million Contract for Standard Missile-6

SM-3Raytheon Company won the first of several planned low rate initial production (LRIP) contracts to build Standard Missile-6 systems for the U.S. Navy.

The $93 million contract includes the production of missiles and delivery of spare parts and missile containers. Delivery will begin in early 2011.

"Standard Missile-6 has been on budget and on schedule since the program started in 2004," said Frank Wyatt, vice president of Raytheon's Naval Weapon Systems. "LRIP clears the way for delivery to the warfighter of this integral weapon system."

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