MDA To Award $3B Contract To Raytheon For SM-3 Production

PROMISING MISSILES: The U.S. Missile Defense Agency (MDA) plans to award Raytheon a $3 billion contract for the production of up to 216 Standard Missile-3 (SM-3) Block IB interceptors, Reuters reports. MDA has told the company it will make the sole-source award when funds are appropriated. The three...

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