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Wednesday, September 05, 2012

Raytheon receives $230 million contract for SM-3

SM-3 |The Missile Defense Agency awarded Raytheon Company (NYSE: RTN) a $230 million contract for 14 Standard Missile-3 Block IA missiles and five SM-3 Block IB missiles.

The SM-3 Block IA missiles will bolster the nation's inventory that is deployed around the world today aboard U.S and Japanese Navy ships.

Designed to destroy short- to intermediate-range ballistic missile threats in space, Raytheon's SM-3 Block IB includes an enhanced two-color infrared seeker for better target discrimination.

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