The U.S. is taking another positive step toward meeting the growing demand for systems that can help protect against the increasing danger posed by ballistic missiles. Raytheon Company (NYSE: RTN) has started building the 12th AN/TPY-2 ballistic missile defense radar for the Missile Defense Agency after being awarded a $172.7 million contract, which was previously announced by the Department of Defense on Dec. 17, 2013.
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| A critical element in the Ballistic Missile Defense System, AN/TPY-2 continually searches the sky for ballistic missiles. |