Raytheon gets up to $6.3 billion to build ship-launched interceptors
A 5-year deal (plus 2 option years) for SM-3 IB interceptors, which hit enemy ballistic missiles mid-flight, built mainly in Huntsville and Tucson.
$6.3Bfor SM-3 IB interceptors
A 5-year deal (plus 2 option years) for SM-3 IB interceptors, which hit enemy ballistic missiles mid-flight, built mainly in Huntsville and Tucson.
Why it matters
Multi-year deals lock in steady work and show the US is stocking up on missile defense.
What we don't know yet
This is a short desk note. The full story, with its open questions, is written as the news develops.
Note this down
Check RTX's results on Oct 20 for its order backlog.
Corrections: none so far.Written in plain words from public reporting. Not financial advice.That's your DefenseNote.