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Raytheon to restart SM-2 missile line after $650 million sale: executive

June 18
19:51 2017

Raytheon to restart SM-2 missile line after $650 million sale: executiveU.S. missile maker Raytheon (RTN.N) plans to announce it will restart its Standard Missile 2 (SM-2) production line after a $650 million dollar order from four U.S. allies, the president of Raytheon’s Missile Systems, Taylor Lawrence, said on Sunday. Raytheon is attending the June 19-25 Paris Airshow where it plans to make the announcement that it will restart the line that has been shut for about two years. On Friday, the U.S. Department of Defense awarded Raytheon four contracts to sell a total of 280 SM-2 Block IIIA and IIIB missiles to the Netherlands, South Korea, Japan and Australia.


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