Raytheon (NYSE:RTN) Gets Missile Project

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Raytheon (NYSE:RTN) Missile Systems has won a $43 million contract to develop the Standard Missile-3. Raytheon (NYSE:RTN) Gets Missile Project Raytheon (NYSE:RTN) has received a contract worth $42 million for the initial concept development and program planning for the Standard Missile-3 (SM-3) Block IIB. The SM-3 Block IIB is the Missile Defense Agency’s next-generation Aegis missile. Frank Wyatt, the vice president of Air and Missile Defense Systems product line at Raytheon (NYSE:RTN) said that, “Raytheon is the lowest-risk, lowest-cost, most-technically capable provider of missile defense solutions. SM-3 has successfully defeated 18 incoming ballistic missile threats in realistic test scenarios; it’s in a class by itself. Spiral development of the Standard Missile program is the right choice for developing and delivering this capability for the country.” Raytheon (NYSE:RTN) company shares are currently standing at 50.72. Price History Last Price: 50.72 52 Week Low / High: 42.65 / 60.1 50 Day Moving Average: 50.95 6 Month Price Change %: 11.9% 12 Month Price Change %: -10.5%