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Raytheon Wins $243M for SM-6 Parts, Services

Raytheon logoRaytheon (NYSE: RTN) has won a $243, 478, 659 contract to procure all up rounds, spares, containers and services for 89 Standard Missile-6 weapons.

The company booked the contract during its third fiscal quarter, Raytheon said Friday.

The Defense Department said the Navy will obligate $238, 666, 810 in fiscal year 2013 weapons procurement funds at the time of award and no funds will expire at the end of the current fiscal year.

SM-6 missiles are built to defend against fixed- and rotary-wing aircraft, unmanned aerial vehicles and cruise missiles.

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