Raytheon [RTN] and the Air Force recently concluded a series of flight tests for the Small Diameter Bomb (SDB) II, moving the program closer to a potential Milestone C decision in the fourth quarter of 2014. Using upgraded hardware and electronics during extended periods of flight, SDB II successfully acquired and engaged several stationary targets, according to a company statement. Raytheon said these tests position the program to move from the engineering and manufacturing development (EMD) phase to low-rate initial…
