Hello, Guest!
  • Monday, April 29, 2024

Raytheon Secures $235M in Navy Standard Missile-6 Production Funds


The U.S. Navy has awarded Raytheon (NYSE: RTN) a $235 million contract to fund the fourth year of full-rate production of Standard Missile-6 all-up rounds and spares.

Raytheon said Monday it is scheduled to begin delivery of new SM-6 multimission missiles to the Navy in 2018.

The company added the missiles will feature an anti-surface function and will be deployed on the service branch’s Aegis cruisers and destroyers.

SM-6 is designed to support anti-air warfare, sea-based terminal and anti-surface warfare missions.

Earlier this month, the Defense Department approved the sale of SM-6 to international customers that want to integrate the system into their shipbuilding programs.

Raytheon said it has supplied approximately 250 missiles to date.

Video of the Day

Related Articles

Lockheed Books $462M Navy Contract for Aegis Site Operation & Maintenance Contract Awards

Lockheed Books $462M Navy Contract for Aegis Site Operation & Maintenance

Lockheed Martin's (NYSE: LMT) rotary and mission systems business has secured a potential four-year, $462.4 million contract to operate and maintain development and test sites for the U.S. Navy's Aegis combat system. Naval Sea Systems Command awarded the contract on a sole-source basis and expects work to conclude by January 2028.

Leidos Records 5% Revenue Growth in Q1 FY 2022; Roger Krone Quoted Financial Reports

Leidos Records 5% Revenue Growth in Q1 FY 2022; Roger Krone Quoted

Leidos (NYSE: LDOS) saw its first-quarter revenue for the fiscal year 2022 climb 5 percent to $3.5 billion and posted $177 million in net income and diluted earnings per share of $1.25 during the quarter. The Reston, Virginia-based technology services contractor said Tuesday the sales growth from the prior-year period across reportable segments was driven

Lockheed Gets $724M MDA Follow-On Contract for Aegis Dev’t, Engineering Support Contract Awards

Lockheed Gets $724M MDA Follow-On Contract for Aegis Dev’t, Engineering Support

Lockheed Martin’s (NYSE: LMT) rotary and mission systems business has received a potential $724M contract from the Missile Defense Agency to provide lifecycle engineering and development support for the Aegis ballistic missile defense system.