US Navy awards $24.4 billion to accelerate production of Standard Missile-6
Washington, DC [US], October 2 (ANI): The US Navy has secured an agreement with Raytheon valued at up to USD 24.4 billion, focused on ramping up manufacturing rates for Standard Missile-6 interceptors, forming part of a broader push by the Pentagon to scale up critical munition production and bolster defence reserves.The five-year contract, featuring a pair of supplementary option years, aims to e...