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Raytheon $286M Standard Missile-3 Modification Increases Contract to $1.6B

The U.S. Missile Defense Agency has awarded Raytheon‘s (NYSE: RTN) missile systems business a $285.8 million contract modification, increasing the total contract value to $1, 554, 928, 730.

The company will manufacture an additional 23 Standard Missile-3 Block IA missiles.

Work will be performed in Tucson, Ariz. The MDA, Dahlgren, Va., is the contracting activity.

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