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Business/Financial

Raytheon Initiates New Alabama Missile Integration Facility

By Cal Biesecker

Tuesday, June 28th, 2011

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Raytheon [RTN] yesterday broke ground for a new approximately $70 million missile integration facility on Redstone Arsenal in Huntsville, Ala. When it is completed, the facility will provide final assembly and testing for Raytheon's Standard Missile-3 (SM-3) and Standard Missile-6 (SM-6) missiles, though the site could work with other missiles in the future. Raytheon Chairman and CEO Bill Swanson said “partnership is what he thinks of when considering the new missile facility. It is “one of the largest investments in…

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