awarded $2.35 billion contract for SM-3 missiles
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[December 19, 2015]
WASHINGTON (Reuters) - Raytheon Co <RTN.N>
has won a contract worth up to $2.35 billion to build 52 SM-3 Block IB
missiles for the U.S. Missile Defense Agency using fiscal 2015 funding,
plus three one-year options, the Pentagon said on Friday.
The contract finalizes a preliminary contract for 44 SM-3 Block IB
missiles awarded to Raytheon in April with a value of $541 million
and adds eight missiles for a total of 52, the Defense Department
said in its daily digest of arms contracts.
It also includes three one-year options for fiscal 2016 through
fiscal 2018 that would buy up to 52 additional missiles each year.
The U.S. military has increased its orders of SM-3 missiles to keep
up with growing missile threats around the world.
The U.S. and Romanian governments on Friday said work had been
completed on a new U.S. missile defense site south of Bucharest that
will defend against potential attacks from Iran, and the site would
be declared for combat use in early 2016.
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The Aegis Ashore site includes a powerful radar, missile
interceptors and communications equipment built by Lockheed Martin
Corp <LMT.N> and Raytheon. The site will use the new SM-3 Block IB
missiles built by Raytheon.
(Reporting by Andrea Shalal; Editing by Dan Grebler and Chris Reese)
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