Bloomberg:
Raytheon Co.’s project to develop a new interceptor warhead for the U.S.’s ground-based missile defense system is estimated to increase in cost by almost $600 million because of “major design concerns” since the contract was awarded, according to congressional auditors.
The company received a $1 billion contract in May 2017 for the project, which is unsuccessful so far and at least two years behind schedule, the Government Accountability Office said in a report issued Thursday.
