What Happened
Major Defense Contract Awarded for Missile Defense Systems
Raytheon has been awarded a noncompetitive, multi-year contract worth up to $6.3 billion to manufacture and assemble Standard Missile-3 Block IB All-Up-Rounds for the US government. The work will be performed in Tucson, Arizona, and Huntsville, Alabama, with an estimated completion date of October 31, 2034. This contract is part of the US government’s efforts to enhance its missile defense capabilities, as reported by Unknown Source.