Yahoo Finance:
Raytheon Company’s RTN Missile Systems (MS) business division recently secured a $28.8 million modification contract to offer maintenance and repair support for fiscal 2020 Standard missile SM-2 and Standard missile SM-6. The deal was awarded by the Naval Sea Systems Command, Washington, DC.
Majority of work related to the deal will be executed in Camden, AR, and will cater to the U.S. Navy. Per the terms of the deal, Raytheon will provide engineering and technical support, depot and intermediate level repair, maintenance and recertification of standard missiles, sections, assemblies, subassemblies as well as components.
The project is expected to get completed by December 2020.
