Raytheon In Line For $3B Missile Production Contract

Law360, New York (October 16, 2013, 1:48 PM EDT) -- The Missile Defense Agency intends to award a $3 billion contract to Raytheon Missile Systems for full-rate production of the company's most sophisticated ballistic defense missiles for use on U.S. Navy and international ships, according to a presolicitation notice posted Tuesday.

The MDA, which is the U.S. Department of Defense agency responsible for developing a defense system against enemy warheads with predetermined targets, said it was contemplating seeking approval to use money from future fiscal years to have Raytheon produce up to 216 Standard Missile-3 Block...
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