Raytheon to develop missile defense system for Israel

08/19/2009 | Reuters

Raytheon is looking to create an anti-missile system for Israel as early as 2013. The company will convert its sea-based Standard Missile-3 into a land-based model and combine it with a long-range radar for Israel's defense against Iran. "If the program goes through to production and is deployed globally with international allies, the potential value ... will be more than $1 billion," Michael Booen, a Raytheon vice president for advanced missile defense, told Reuters.

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