The news site for the missile defense industry. Missile Defense is a defense system intended to protect the U.S. from intercontinental ballistic missiles fired by rogue states.
"...The USS Decatur with its Aegis Weapon System detected and tracked the first target with its onboard AN/SPY-1 radar. The Aegis ballistic missile defense weapon system developed a fire control solution, launched a Standard Missile-3 Block IA missile, and successfully intercepted the target...."
Reference: www.defense.gov ."...Raytheon Company ( RTN ) was awarded a $230.4 million contract modification from the Missile Defense Agency for a sole-source cost-plus-incentive-fee contract action. The addition to the contract consists of 14 Standard Missile-3 Block IA Missiles and 5 Standard Missile-3 Block IB Missiles. The total value of this contract modification is $230.4 million increasing the total contract value from $1.7 billion to $1.9 billion. Work on the contract will be done in Tucson, Arizona. Raytheon expects to finish work on the contract by September 30, 2014...."
Reference: nasdaq.com .Lockheed Martin to quadruple THAAD missile interceptor production under Pentagon deal "...The agreement aims to quadruple production...
