Raytheon strikes strategic sourcing deal with Aerojet Rocketdyne

Raytheon said today its missile systems business has agreed to a $1 billion, five-year deal to buy propulsion systems from Aerojet Rocketdyne for Standard Missile products.

"Work on the programs will be spread across Aerojet Rocketdyne sites in Orange County, Virginia, the Solid Rocket Motor Center of Excellence in Camden, Arkansas, and at its Advanced Manufacturing Facility in Huntsville, Alabama," Raytheon said in a statement. "Raytheon produces SM-2 in Tucson, and SM-3 and SM-6 in Huntsville."