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Raytheon Wins $270 Million Contract for Ship-Protecting Missile

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Raytheon Corporation announced $270 million contract with the US navy after the successful completion of a test of SM-6 missiles, according to the official company's press release.

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WASHINGTON (Sputnik) — The US Navy is adding to its stockpile of SM-6 missiles, which feature an improved capability to protect ships from attacks by aircraft, ballistic and cruise missiles, Raytheon Corporation announced in a press release on Tuesday.

"US Navy commanders want both capability and flexibility to meet a wide variety of missions, and that's exactly what SM-6 offers," Raytheon Senior Program Director Mike Campisi said in the release. "Its use is transforming defense."

The announcement of the contract follows the successful completion of a test in which SM-6 interceptors successfully destroyed five simultaneous targets, prompting Raytheon to predict a declaration of "full operational capability" as early as 2017.

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Earlier versions of the SM-6, or Standard Missile 6, were first deployed in 2013, and Raytheon has previously delivered more than 250 missiles, the release said.

Raytheon recently upgraded the interceptor to take out supersonic ballistic missiles as well as more conventional weapons, such as cruise missiles and rockets fired from fighter jets and helicopters operating beyond the horizon.

The company is widely known for developing a number of missile defense systems, including the Patriot interceptor which featured prominently in the 1991 Persian Gulf War.

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