Raytheon Wins $218M Contract For Navy Interceptor Missiles

Law360, New York (August 8, 2013, 3:44 PM EDT) -- The Missile Defense Agency has awarded Raytheon Co. a $218 million contract to assemble and deliver 29 missiles for U.S. Navy ships, the company announced Thursday.

The Standard Missile-3 Block IB missiles are designed to intercept ballistic missile threats by colliding with them in space. The interceptor missiles work against short-, medium- and intermediate-range threats, Raytheon said.

"The three back-to-back successful SM-3 Block IB flight tests have demonstrated the missile's advanced capabilities and reliability against various threats in a variety of mission scenarios," Taylor Lawrence, president...
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