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Global demand restarts SM-2 production

Published 06/21/2017, 10:44 AM
© Reuters.  Global demand restarts SM-2 production
RTN
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  • The Netherlands, Japan, Australia and South Korea have pooled resources to make a "bundle" purchase of Raytheon's (RTN) Standard Missile-2 production line.
  • "In 2013, we simply didn't have the international orders necessary to keep the production line going," said Dr. Taylor Lawrence, president of Raytheon Missile Systems. "That's changed now, and we'll continue producing SM-2s well beyond 2035."
  • The missile defends navies against anti-ship missiles and aircraft out to 90 nautical miles and an altitude of 65,000 feet.
  • #ParisAirShow
  • Now read: Raytheon: Still Has Growth Potential


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