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Friday, August 09, 2013

Raytheon receives $218 million for advanced Standard Missile-3

SM-3Raytheon Company was awarded a $218,530,196 contract by the Missile Defense Agency to complete the assembly and delivery of 29 Standard Missile-3 Block IB missiles.

Launched off U.S. Navy ships, SM-3 interceptors protect the U.S. and its allies by destroying incoming short-, medium-, and intermediate-range ballistic missile threats by colliding with them in space.

"The three back-to-back successful SM-3 Block IB flight tests have demonstrated the missile's advanced capabilities and reliability against various threats in a variety of mission scenarios," said Dr. Taylor Lawrence, Raytheon Missile Systems president.

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