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MDA Awards Raytheon $312 Contract To Complete SM-3 Blk 2B Development

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The Missile Defense Agency (MDA) awarded Raytheon [RTN] a $312 million manufacturing contract for the Standard Missile-3 Block IB program, which provides the funds necessary to complete the development phase of the SM-3 Block IB program and deliver the rounds to the agency. "We expect to deliver the first flight test rounds to the MDA this summer," said Frank Wyatt, vice president of Raytheon's Air and Missile Defense Systems product line. "The SM-3 Block IB will provide an increased engagement…

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