Raytheon To Get $3 Billion Missile Contract: Pentagon

Now watching

Next video starts in : 7 Play

Raytheon To Get $3 Billion Missile Contract: Pentagon

Raytheon To Get $3 Billion Missile Contract: Pentagon
Replay video
Up next

Private sector adds jobs; Wal-mart seeks settlement in Morgan case; Ebola spread boosts biotechs

Private sector adds jobs; Wal-mart seeks settlement in Morgan case; Ebola spread boosts biotechs Up next

Private sector adds jobs; Wal-mart seeks settlement in Morgan case; Ebola spread boosts biotechs

Unlock your personal NFL Now stream by signing in to NFL.com

Raytheon To Get $3 Billion Missile Contract: Pentagon

Wochit 0:22 mins

(Reuters) - Raytheon Co will be awarded a $3 billion contract to supply missile systems to the U.S. Defense Department, the agency said on Thursday. The U.S. Missile Defense Agency notified Raytheon that it will award the company, when funds are appropriated, a sole-source contract, because it is the "only source that currently possesses the in-depth technical knowledge of the system to satisfactorily perform the work." The three-year contract will cover manufacture and integration of up to 216 Standard Missile-3 SM-3 Block IB missiles, or 72 per year, starting in 2015. ...

View Comments (0)