The State Department has approved Chile’s request to acquire $140.1 million inÂ Raytheon (NYSE:RTN)-manufactured Evolved Seasparrow MissilesÂ and related services from the U.S. government under a foreign military sales agreement between both countries.
The Defense Security Cooperation Agency said Tuesday Raytheon, BAE Systems and Lockheed Martin (NYSE:LMT) will serve as principal contractors in the transaction that covers 33 ESSMs, sixÂ Evolved Seasparrow Telemetry Missiles and threeÂ MK 41 Vertical Launching Systems.
DSCA noted the saleÂ will also include 10Â MK25 Quad Pack Canisters, five ESSM shipping containers, five MK-73 Continuous Wave Illumination Transmitters and an Inertial Missile Initializer Power Supply along with spare and repair parts, support and test equipment.
Raytheon secured aÂ potential $197.3 million contractÂ in July for deliveries of ESSMs to theÂ U.S. Navy and otherÂ allied governments.
The agency added the potential sale will look to promote interoperability between Chilean and U.S. forces and contribute to mutualÂ foreign policy and national security goals.
DSCA also said the agreement will help update air defense features on Chile’s Type 23 frigateÂ shipsÂ and support the country’s missions to deter regional threats and bolster homeland defense.
Raytheon developedÂ theÂ ESSMÂ for an internationalÂ collaborative effort that worked to updateÂ theÂ RIM-7 Seasparrow MissileÂ and create a system to defend against high-speed, anti-ship missiles in the naval environment.