RTX awarded $344 million contract to modernize electronics unit for missile development program

Updates will allow for continued, rapid deliveries of Standard Missile variants to the U.S. and international fleetsTUCSON, Ariz., April 25, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been awarded a $344 million contract for the development of two missile variants – the SM-2 Block IIICU and SM-6 Block IU – which will be based on a common guidance section, where the electronics and software that guide a missile to its target are housed. The SM-2 missile is primarily used by U.S. and a ...