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Raytheon’s Navy SM-6 Contract Reaches $573M With Contract Modification Award

Raytheon (NYSE: RTN) has received a potential three-year, $270.5 million contract modification to bring the total value of its Standard Missile-6 contract with the U.S. Navy to $573.2 million. The Naval Sea Systems Command awarded the contract modification to exercise the fiscal 2016 option under the previously awarded contract, the Defense Department said Friday. SM-6 is designed to be deployed …

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