Raytheon Company (NYSE:RTN) has received a $122.5 million order for the development of Standard Missile-3 (“SM-3”) Block IA and IB programs from the U.S. Missile Defense Agency.
Per the contract, the company will be responsible for design and engineering, and in-service engineering support of the variants of SM-3. It will also look after the production engineering, supervision and flight test support of these two variants of the SM-3 family.
The Standard Missile-3 is a ship-based missile … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards