Raytheon Wins $2.1Bln Contract To Make More Standard Missile-3 Interceptors - Pentagon
WASHINGTON (UrduPoint News / Sputnik - 27th March, 2020) The Raytheon Company has won a more than $2.1 billion Missile Defense Agency contract to manufacture more Standard Missile (SM-3) interceptors for the US military, the Department of Defense said in a press release.
"Raytheon Missile Systems [of] Tucson, Arizona is being awarded a sole-source, multi-year contract for $2,139,779,656," the release said on Thursday.
"This multi-year contract is for fiscal years (FY) 2019-2023."
The Defense Department explained that Raytheon will provide the management, material and services associated with the procurement, manufacture and assembly of the Standard Missile-3 Block IB interceptors for the United States and its foreign military sales partners.