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Raytheon Gets $93 Million For SM-6 Block I LRIP

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By Geoff Fein Earlier this month, the Navy awarded Raytheon [RTN] a $93.8 million contract for low-rate initial production (LRIP) of the company's Standard Missile- 6 (SM-6) Block I that will deliver a number of new capabilities to the fleet. SM-6 Block I takes advantage of the airframe developed on the SM-2 Block 4, which provides a long range capability and merges that with some of the other Navy technologies Raytheon has been able to develop on its Advanced Medium-Range…

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