Raytheon Awarded $925 to Develop, Manufacture SM-3 Block IIA Interceptors

The Missile Defense Agency has awarded a $925 million contract to Raytheon for continued development of the Standard Missile-3 Block IIA missile, which is a co-development effort between the U.S. and Japan. The company said in a statement the SM-3 IIA is on track for deployment in 2018. This advanced missile is one of several variants of the Standard...