Raytheon Company received a $368 million, three-year, contract from the U.S. Navy to manufacture Standard Missile-6 ("SM-6") systems.
The contract includes the production of missiles, spare parts, and system and design engineering efforts, to meet the requirements of the U.S. Navy.
SM-6 is capable of providing over-the-horizon air defense and takes full advantage of the kinematics available to the Standard Missile family, allowing the use of both active and semi-active modes and advanced fuzing techniques. The missile is designed to help ships protect themselves against various aircraft, including unmanned aerial vehicles and anti-ship missiles.
Raytheon stated that SM-6 is undergoing development testing presently and will go for operational testing in fiscal year 2011, with initial operational start-up by March 2011. The company plans to begin the delivery of the extended-range, anti-aircraft missiles in early 2011.
Going forward, the companyÂ’s focus on Intelligence, Surveillance and Reconnaissance ("ISR") unmanned systems, training, cyber security, Standard Missile-6, Patriot, Zumwalt and THAAD is expected to fuel growth. |