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Sunday, September 02, 2012

Raytheon to Supply More Missiles

Standard Missile-3 (SM-3) |Raytheon Company was awarded a $230.4 million contract modification from the Missile Defense Agency for a sole-source cost-plus-incentive-fee contract action.

The addition to the contract consists of 14 Standard Missile-3 Block IA Missiles and 5 Standard Missile-3 Block IB Missiles.

The total value of this contract modification is $230.4 million increasing the total contract value from $1.7 billion to $1.9 billion.

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