Lockheed Martin Awarded $43.3 Million Contract For Concept Definition of Standard Missile-3 Block IIB

Lockheed Martin announced today that the U.S. Missile Defense Agency has awarded it a $43.3 million contract for concept definition and program planning for the Standard Missile-3 Block IIB (SM-3 IIB).

The new missile, formerly known as the Next Generation Aegis Missile, will provide early intercept capability against intermediate- and long-range ballistic missile threats.

It will be a key element of the fourth phase of the Phased Adaptive Approach, which will provide enhanced capabilities against threats on a global basis.

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