By Marina Malenic TUCSON, Ariz.--The Missile Defense Agency (MDA) has awarded Raytheon [RTN] a $175 million contract for development of the Standard Missile-3 Block IIA, slated for deployment in 2018 under the third phase of the Obama administration's four-part Phased Adaptive Approach for U.S. and European missile defense. The contract, signed last month, will provide continued funding for engineering and development efforts for the SM-3 Block IIA missile through preliminary design review, scheduled for early next year. The contract also…
Raytheon Gets SM-3 Contract For ‘Phase Three’ Missile Defenses
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