Raytheon Gets $467M MDA Standard Missile-3 Block IB Order

Raytheon (NYSE: RTN) has received a $466.9 million order to manufacture, test and deliver Standard Missile-3 Block IB interceptors to the Missile Defense Agency.

The company said Tuesday it will supply 44 Block IB missiles under the fiscal 2018 order issued as part of a three-year $2.35 billion production contract announced in 2015.

Mitch Stevison, vice president of Raytheon’s air and missile defense systems business, said the missile is designed to help address upper-tier missile defense requirements of U.S. and allied naval forces.

The SM-3 IB variant works to identify and neutralize airborne threats with a two-color infrared sensor and boosted steering and propulsion technology.

Raytheon will manufacture the interceptors at its Space Factory in Arizona and perform integration work at a company facility in Alabama.

The U.S. Navy intends to use the interceptor to engage short and intermediate-range ballistic missiles as part of regional defense efforts.

The missile was demonstrated at a multinational operational exercise held off the coast of Scotland.

A land-based site in Romania presently uses the IB missile variant.

Check Also

NSSA

National Security Space Association Adds Eight New Members to Board

The National Security Space Association has named eight new members to its board of directors. The appointments came a month after NSSA added Lester Lyles, a retired Air Force general, and Stephanie O'Sullivan, former principal deputy director of national intelligence, to the board, the association said Tuesday.

Tom Afferton, Northrop VP, to Moderate Panel During Potomac Officers Club’s Secure IT Modernization in Today’s Environment Virtual Event

Tom Afferton, vice president of civil solutions at Northrop Grumman, will serve as the moderator for the expert panel during Potomac Officers Club’s Secure IT Modernization in Today’s Environment Virtual Event on August 26th.