US signs $24.4 billion contract with Raytheon to speed up missile production
- The US Navy gives Raytheon a
- $24.4 billion contract to speed up missile manufacturing.
- The five-year deal focuses on making Standard Missile-6 interceptors to rebuild low defense stockpiles.
- The Pentagon adds two extra option years to the deal to ensure faster missile delivery.
- Raytheon expands its factories, supplier network, and workforce to meet high military product demands.
Source: ndtv.com
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