Raytheon plans missile plant at Ala.'s Redstone

Raytheon Co. officials say they plan to build a missile production facility at Redstone Arsenal near Huntsville that is expected to create 300 jobs.

An agreement to build the plant was announced Monday by company officials along with Alabama Gov. Bob Riley and Sen. Richard Shelby at the Farnborough International Air Show in England.

Groundbreaking is expected later this year for the 70,000-square-foot facility.

Officials with Massachusetts-based Raytheon say the plant will provide final assembly and testing for what are known as Standard Missile-3 and Standard Missile-6. SM-3 production is expected to increase substantially in the next 10 years.

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