Raytheon reaches handshake deal with Navy on estimated $2B SM-6 buy, eyes MDA multiyear soon

By Jason Sherman  
October 9, 2019 at 3:41 PM
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...

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