
The Navy awarded RTX [RTX] a $344 million contract in March to develop two new Standard Missile (SM) variants that focus on a new common guidance section for U.S. and allied fleets. The company will specifically develop the SM-2 Block IICU and SM-6 Block IU. These variants will both share a common guidance section, target detection device, independent flight termination system and electronic unit. RTX disclosed the contract on April 25. RTX underscored the commonality between the variants will allow…