Raytheon (NYSE: RTN) is planning to construct an all-up-round Standard Missile production facility in Huntsville, Ala. on the U.S. Army’s Redstone Arsenal site.
The firm reports that it “will use the facility for final assembly and testing of Standard Missile-3 and Standard Missile-6. SM-3 production is expected to increase substantially in the next 10 years, and SM-6 production is expected to begin in 2010.”
“Raytheon’s SM-3 is the centerpiece of the nation’s new missile defense strategy, and SM-6 will give the U.S. Navy a new, much-needed weapon system, ” said Dr. Taylor W. Lawrence, Raytheon Missile Systems president. “Combining SM-3 and SM-6 manufacturing into one facility will enable Raytheon to increase productivity and efficiency. The company will leverage state-of-the-art automation to enhance quality and safety and deliver lower-cost products to the Missile Defense Agency and U.S. Navy customers.”