Raytheon executives are optimistic about concluding negotiations with the Defense Department for multiyear procurement of Standard Missiles worth more than $3.5 billion, bolstered by a recent handshake agreement with the Navy for a five-year block buy of the SM-6 and continuing discussion with the Missile Defense Agency for SM-3 Block IB purchases across a similar term. The deals include two five-year block buys: an estimated $2 billion for 625 SM-6 missiles and more than $1.5 billion for 174 SM-3 Block...
