Raytheon wins $636 mln U.S. missile defense contract


U.S. defence contractor Raytheon Co said it had won a $636 million contract to develop and provide the key interceptor for Boeing Co’s U.S. ground-based missile defence program.

The contract runs through 2018, and covers development, fielding, testing, and operation of the Exoatmospheric Kill Vehicle (EKV), which is designed to engage high-speed ballistic missile warheads in space, Reuters reports.