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MDA Awards Multiple Concept Development Deals For Next-Generation SM-3

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The Missile Defense Agency has awarded a total of $127 million in three separate contracts to Boeing [BA], Lockheed Martin [LMT] and Raytheon [RTN] to begin conceptual design and development work on the agency's next-generation of SM-3 missiles. Lockheed Martin garnered the lion's share of the $127 million, with MDA awarding the company $43.3 million for the effort. Raytheon, which is the prime contractor on the SM-3 missile, netted $42.7 million toward its work on the follow-on system, with Boeing…

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