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Raytheon Company wins $270mln US Navy missile contract

Last year the 94-year-old firm hit sales of $23bn.

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Raytheon has delivered more than 250 missiles to the US Navy

Raytheon Company (NYSE:RTN) has sealed $270mln from the US Navy for standard missile-6 production and spares requirements.

Mike Campisi, standard missile-6 senior program director, said: "US Navy commanders want both capability and flexibility to meet a wide variety of missions, and that's exactly what SM-6 offers. Its use is transforming defense."

Raytheon has delivered more than 250 missiles to the US Navy, which deployed SM-6 for the first time in 2013 and last year, the 94-year-old firm hit sales of $23bn.

In recent testing, the missiles have shown capabilities in three new areas - Anti-Air Warfare, Sea-Based Terminal and Anti-Surface Warfare.

“The tri-mission capability of SM-6 continues to emphasize its value by providing additional capability beyond its original intended mission,” the company said.

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