By deciding not to deploy a radar system in the Czech Republic or 10 ground-based interceptors in Poland (here's the NYT story), the administration is focusing on smaller SM-3 missiles - first on ships and perhaps later in southern Europe or Turkey. The SM-3 interceptors, which would provide the flexibility to move U.S. missile defense capabilities as may be needed, are made by Raytheon and a host of Southern California subcontractors. Here's a list, based on a Raytheon report:

Raytheon Vision - Santa Barbara
Keystone Engineering - Los Angeles
Teledyne Micro - Los Angeles Pacific
Scientific - Valencia
Ultramet - Pacoima
Rantec - Calabasas
Circle Seal - Corona
Raytheon - El Segundo
Marvin Engineering - Inglewood
Honeywell - Torrance
American Auto Eng - Huntington Beach
Rheinhold (Elder) - Newport Beach
Boeing - Anaheim
Exotic - Murrieta
L3 - San Diego

It's always dangerous to presume which contractors and subcontractors will benefit from Pentagon policy shifts, but it's certainly worth paying attention to. The above list is also a reminder of how disparate the defense procurement process can be. By the way, Boeing might be looking to get into the act, with a proposal to build a mobile interceptor missile. For what it's worth, Raytheon stock is up almost 2 percent this morning.