What Happened
Defense Contractor Secures Major Deals for Missile Production
Raytheon has secured two major US military contracts worth a combined $1.3 billion for missile production and weapon system support. The contracts include a $745.4 million deal for Standard Missile-3 Block IIA production and a $536 million modification for TOW Weapon System support. Work on the contracts will be performed in Tucson, Arizona and Huntsville, Alabama, with estimated completion dates in 2031 and 2027, respectively. The contracts were announced by the Department of Defense and reported by Investing.com.