Successful Missile Test for Raytheon

Raytheon (NYSE: RTN) announced it completed the first Standard Missile-3 Block IA flight test against an intermediate range ballistic missile.

According to the firm, “the test also demonstrated the SM-3 Block IA’s ability to engage a ballistic missile target when launched on remote.”

“This test certifies phase I of the Phased Adaptive Approach, ” said Frank Wyatt, vice president of Raytheon’s Air and Missile Defense Systems product line. “Executing the launch-on-remote engagement demonstrates both the increased capability of Raytheon’s SM-3 Block IA and the U.S. Navy’s forward-deployed Aegis ships.”

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