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Pentagon To Award Raytheon Production Contract For New Interceptors

Gally Articola
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The Pentagon has said it intends to award a sole-source contract to Raytheon [RTN] for the production of up to 216 of the latest version of the Standard Missile-3 to be deployed on Navy ships for ballistic missile defense.  The contract could reach a value of $3 billion for the SM-3 Block 1B interceptors, which have been undergoing testing, the Missile Defense Agency (MDA) said in a posting on the Federal Business Opportunities website. The contract is to take effect in fiscal 2015 and…

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