- More than 155 SM-3s have been delivered to U.S. and Japanese navies.
- Raytheon is on track to deploy the next-generation SM-3 Block IB guided missile in 2015.
- SM-3 Block IB will be deployed in both afloat and ashore weapons systems.
Raytheon is one defense stock that gives you the opportunity to play the growing drone market, as well as cybersecurity and other key military technologies.
The U.S. military is spending cash hand over fist on contracts to repair and improve its fleets and munitions. Could this be the best play on this trend?