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Raytheon Awarded $122 Million for Standard Missile-3
Dec 26, 2011 (08:12 AM EST)
Contract will fund continued development and testing
TUCSON, Ariz., Dec. 26, 2011 /PRNewswire/ -- Raytheon Company (NYSE: RTN) received a $122.5 million contract from the U.S. Missile Defense Agency for continued development of Standard Missile-3 Block IA and IB programs. Under this modification, Raytheon will provide SM-3 design and engineering, in service engineering support, production engineering, surveillance and flight test support, and transition to production.
The contract was announced Dec. 22 by the Department of Defense.
Raytheon Company, with 2010 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 89 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter at @raytheon.
SOURCE Raytheon Company