Raytheon Co. (RTN) said it was granted a $636 million development and sustainment contract to provide the Exoatmospheric Kill Vehicle to The Boeing Co. (BA), which is the prime contractor for the Ground-based Midcourse Defense program. Raytheon booked the award during its second quarter.
Under conditions of the contract, which extends through November 2018, Raytheon will provide EKV development, fielding, testing, system engineering, integration, configuration management, equipment manufacturing and refurbishment, and operation and sustainment.
EKV represents the centerpiece for the Missile Defense Agency's GMD as the intercept component of the Ground Based Interceptor, also known as GBI, which is designed to engage high-speed ballistic missile warheads in space.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.