What Happened
Defense Giant Secures Major Deals for Missile Defense Systems
Raytheon has been awarded two major contracts by the Pentagon, totaling $1.3 billion, for the manufacture and assembly of Standard Missile-3 Block IIA All-Up Rounds and the TOW Weapon System. The contracts, which were announced on Friday, reflect the ongoing U.S.-Japan defense cooperation framework and demonstrate the company’s continued role in supporting national security efforts. According to CoinCentral, the awards are a significant boost to Raytheon’s defense business.