Green Light to Raytheon’s SM-6 – Analyst Blog
Zacks Market Commentaries (September 8th, 2009) Writes:
Raytheon Missile Systems, an operating unit of Raytheon Company (RTN), received a $93.9 million contract from the Naval Sea Systems Command, authorizing the start of production of Standard Missile-6 (SM-6).
The anti-air warfare missile completed tests in August 2009, validating the go-ahead to initiate production. Work on the contract – expected to be completed by March 2012 – will be executed in Tucson, AZ, Camden, AR, Boston, MA and elsewhere.
Raytheon Missile Systems’ contractual backlog of late has witnessed a slide from $9.9 billion after the end of the fiscal 2008 to $7.6 billion after the end of the first-half of fiscal 2009. This was mainly due to the cancellation of the $2.4 billion KEI program. The initiation of production of the SM-6 missile generated another steady stream of orders for the company.
Raytheon is the one of the largest aerospace and defense companies in ...
Tags for this Post:
air traffic control systems;, Analyst, Arizona, Arkansas, Boston, Camden;, Massachusetts, military products, Naval Sea Systems Command, naval systems;, Raytheon, Raytheon Company;, Raytheon Missile Systems, reconnaissance equipment;, Standard Missile;, Stocks to Watch, Tucson, USD, Zacks Market Commentaries
air traffic control systems;, Analyst, Arizona, Arkansas, Boston, Camden;, Massachusetts, military products, Naval Sea Systems Command, naval systems;, Raytheon, Raytheon Company;, Raytheon Missile Systems, reconnaissance equipment;, Standard Missile;, Stocks to Watch, Tucson, USD, Zacks Market Commentaries


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