ABC 15 Arizona:

Raytheon Technologies Inc.’s Tucson-based Missiles & Defense division has been awarded one of two contracts totaling $116 million from the U.S. Navy for a new hypersonic missile program.

The Navy described the deal — for the Hypersonic Air Launched Offensive Anti-Surface, or HALO, missile — as the first step in the development of a long-range, high-speed weapon suitable for aircraft carriers.

Along with Raytheon, Lockheed Martin won the second contract. The two companies will work on initial development of the missile, which includes developing the technology through the preliminary design review of the propulsion system. Each company will work toward a prototype flight test that will be part of the next phase of the program. The contract period ends in December 2024.

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