https://sputnikglobe.com/20200326/aerojet-rocketdyne-commits-to-1bln-multi-year-standard-missile-parts-deal---raytheon-1078720239.html
Aerojet Rocketdyne Commits to $1Bln Multi-Year Standard Missile Parts Deal - Raytheon
Aerojet Rocketdyne Commits to $1Bln Multi-Year Standard Missile Parts Deal - Raytheon
Sputnik International
WASHINGTON (Sputnik) - Aerojet Rocketdyne has signed a multi-year, strategic sourcing agreement worth $1 billion to guarantee a long-term supply of parts for... 26.03.2020, Sputnik International
2020-03-26T18:05+0000
2020-03-26T18:05+0000
2020-03-26T18:16+0000
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Aerojet Rocketdyne Commits to $1Bln Multi-Year Standard Missile Parts Deal - Raytheon
18:05 GMT 26.03.2020 (Updated: 18:16 GMT 26.03.2020) WASHINGTON (Sputnik) - Aerojet Rocketdyne has signed a multi-year, strategic sourcing agreement worth $1 billion to guarantee a long-term supply of parts for Standard Missile programs, Raytheon said in a press release on Thursday.
"Raytheon Company's Missile Systems business has reached a $1 billion, five-year strategic agreement to purchase propulsion systems from Aerojet Rocketdyne for Standard Missile products," the release said.
The deal represents a supply chain centrepiece of multi-year Standard Missile contracts that Raytheon recently received, the company explained.
Aerojet Rocketdyne provides the majority of solid rocket motors for Raytheon's Standard Missile SM-2, SM-3 interceptor and SM-6 missile, the release noted.
