Raytheon Nabs $614 Million Modification For 17 SM-3 Block IIAs, Decreasing Contract Value

The Missile Defense Agency (MDA) awarded Raytheon [RTN] a $614 million modification to produce 17 Standard Missile (SM)-3 Block IIA missiles and other associated work, reducing the overall contract overall value.The Aug. 28 modification directed Raytheon to build…

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