The Defense Department is contemplating bundling a pair of major defense acquisition programs into a single multiyear contract, a notional arrangement to consolidate purchases of two different Raytheon-built Standard Missiles that could lock in approximately $1 billion annually to the Pentagon's budget for the missile-defense projects. In consideration for the unorthodox deal are the Navy's Standard Missile-6, a ship-launched guided missile interceptor with ability to intercept aircraft, cruise missiles and ballistic missiles in the terminal phase of flight, and the...
