Raytheon to deliver SM-3 interceptors to US Missile Defense Agency

March 31, 2020

Naval Technology

Raytheon has secured a $2.1bn contract from the US Missile Defense Agency to produce and deliver Standard Missile-3 (SM-3) Block IB interceptors.

This is the first multi-year contract for the SM-3 programme. It covers fiscal years 2019–2023.

Raytheon Strategic and Naval Systems vice-president Dr Mitch Stevison said: “This procurement deal is a win-win for government and industry.

“Efficiencies gained from this contract will allow us to reduce costs, continue to improve the SM-3, and deliver an important capability to our military.”

SM-3 is the only ballistic missile interceptor with the capability to be launched on land and at sea. It is used by the US Navy to destroy short range ballistic missile (SRBM) and intermediate-range ballistic missile (IRBM).

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