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.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about Contract Awards

Related Articles