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Tuesday, May 05, 2015

Raytheon awarded $559 million for SM-3 Block IB

Standard Missile 3 (SM-3) launchThe Missile Defense Agency awarded Raytheon Company an undefinitized contract action for a fiscal year 2015 contract valued at $559,206,957 million for Standard Missile-3 Block IBs, which are guided missiles used by the U.S. Navy to provide regional defense against short- to intermediate-range ballistic missile threats.

Under this contract action, which was announced April 30 by the Department of Defense, Raytheon will deliver an initial quantity of 44 Standard Missile-3 Block IB all-up rounds and provide the work required to produce and deliver the third stage rocket motor reliability growth and design enhancements.

The government expressed its intention to purchase additional missiles up to a total quantity of 52.

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