Breaking Defense
Raytheon Missile Systems has signed a $1 billion deal with Aerojet Rocketdyne for provision of Aerojet Rocketdyne’s propulsion systems for Raytheon’s Standard Missiles (SM) for the next five years, Raytheon announced today.
The agreement is designed to both stabilize and lower costs of the supply chain under Raytheon’s long-running contracts with the Missile Defense Agency (MDA) and the Navy.
“Moving to multi-year, rather than annual-year contracting enables Raytheon and its supply chain to deliver even more value to our Missile Defense Agency and U.S. Navy customers, and the taxpayer,” Eugene Jaramillo, Raytheon Missile Systems vice president of Global Supply Chain Management, said in a statement.
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