Raytheon pens $344 million deal for missile development program

Raytheon, an RTX business, has been awarded a $344 million contract for the development of two missile variants, the SM-2 Block IIICU and SM-6 Block IU.

As informed, the variants will be based on a common guidance section, where the electronics and software that guide a missile to the target are housed.

The updated variants will share a newly designed guidance section, target detection device, independent flight termination system and electronics unit. This commonality...