Raytheon awarded $243 million Standard Missile-6 contract
TUCSON, Ariz., Sept. 30, 2013 /PRNewswire/ -- The U.S. Navy awarded Raytheon Company (NYSE: RTN) a $243,478,659 contract for procurement of 89 Standard Missile-6 Block I all up rounds, spares, containers and services. The contract was awarded in Raytheon's third quarter.
About the Standard Missile-6
The SM-6 provides U.S. Navy sailors and their vessels extended range protection against fixed- and rotary-wing aircraft, unmanned aerial vehicles and cruise missiles as part of the Naval Integrated Fire Control-Counter Air (NIFC-CA) mission area.
SM-6 delivers a proven over-the-horizon air defense capability by combining the Standard Missile's airframe and propulsion with the Advanced Medium-Range Air-to-Air Missile's signal processing and guidance control capabilities.
Raytheon Company, with 2012 sales of $24 billion and 68,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 91 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems; as well as a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon.
SOURCE Raytheon Company