The Japan Maritime Self-Defense Force successfully flight tested its first Raytheon Company (NYSE: RTN)-built Standard Missile-3. The SM-3 Block IA missile engaged and destroyed a medium-range ballistic missile target more than 60 miles above the Pacific Ocean. Personnel at the U.S. Navy's Pacific Missile Range Facility on Kauai launched the ballistic missile target while the crew of the Japanese destroyer JS KONGO (DDG-173) fired the intercepting missile. "Today's intercept truly paves the way for Japan to deploy a sea-based ballistic missile defense system," said Ed Miyashiro, Raytheon Missile Systems vice president. "The U.S. has gained an important ally that can...