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A Raytheon-made Standard Missile 3 (SM-3) Block IB interceptor successfully intercepted a target missile over the Pacific in a May 15 test.
Tucson-based Raytheon Missile Systems would get healthy orders for most of its weapons in the coming fiscal year under the Obama administration's proposed defense budget.
Sen. John McCain talks with Raytheon workers. The projected quotes behind him warn of "irreversible damage" to the military if sequestration cuts are made. Another says cuts would be "catastrophic."
Raytheon and defense experts say the company may be in a better position to absorb cuts to the U.S. defense budget than other contractors.
Sen. John McCain planned to speak with employees at Raytheon Missile Systems this afternoon as part of a nationwide speaking tour to warn of the impacts of deep Pentagon budget cuts.
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