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Tuesday, September 28, 2010

Raytheon Awarded $175 Million for Standard Missile-3 Block IIA

SM-3The Missile Defense Agency (MDA) awarded Raytheon Company a $175 million contract for the Standard Missile-3 Block IIA cooperative development program with Japan.

The contract will provide continued funding for engineering and development efforts for the SM-3 Block IIA missile through the preliminary design review of the all-up-round, scheduled for early 2011.

The contract also includes an option for future studies totaling $9.8 million.

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