
The Air Force Research Laboratory's (AFRL) munitions directorate at Eglin AFB, Fla., is moving forward with research and development on a miniature self-defense missile (MSDM), as Raytheon [RTN] beat out Lockheed Martin [LMT] and received a $93.3 million contract on July 21st for work to be performed on MSDM at Raytheon's Tucson, Ariz., site. The total possible value of the contract is $375 million. "MSDM is a multi-year effort to mature a miniaturized, high lethality missile that is capable of…