Raytheon wins SM-3 award from MDA worth $266M

The U.S. Missile Defense Agency has awarded Raytheon Co. a $266 million contract to build, test and deliver Standard Missile-3 (SM-3) rounds to the U.S. and Japan, the company and Pentagon announced Aug. 16. The Naval Sea Systems Command contract, expected to be complete by December 2009, calls for...

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