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Saturday, September 28, 2013

Raytheon wins $243 million U.S. Navy order for SM-6 missiles

Raytheon Co has won a contract worth $243 million to build 89 new Standard Missile-6 interceptors for the U.S. Navy, the Pentagon said on Friday.

The U.S. Defense Department said the contract would run through March 2016.

Raytheon's new SM-6 missile uses the airframe and propulsion of its legacy Standard Missiles, but adds the advanced signal processing and guidance control capabilities of its Advanced Medium-Range Air-to-Air Missile (AMRAAM).

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