Wait, don't miss out on the latest GovCon industry news!

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings

*By clicking "Join us now" you agree to receive email, promotions and general messages from GovCon Wire, In addition, you also agree to GovCon Wire Privacy Policy and Terms & Conditions.

X Remind me Later
SM-3 missile

Raytheon Technologies Lands Potential $722M Contract for SM-3 Missile Engineering, Mgmt Support

The Missile Defense Agency has awarded Raytheon Technologies’ (NYSE: RTX) missile and defense business a potential $722.4M contract to help engineer, manage and sustain Standard Missile-3 Block interceptors for domestic and international customers.

Raytheon will perform product support for SM-3 missile variants throughout an eight-year period that will run from 2021 through Oct. 29, 2029, the Department of Defense said Friday.

MDA will obligate $6.7M in fiscal 2021 research, development, test and evaluation funds at the time of award.

Work under the indefinite-delivery/indefinite-quantity award will take place in Tucson, Arizona, and Huntsville, Alabama.

In March, Raytheon secured a potential $2.14B contract to produce and maintain SM-3 Block 1B rounds for U.S. and foreign military sales customers throughout a seven-year period.

SM-3 works to defend against short- to intermediate-range ballistic missiles and has a “hit to kill” capacity of 600 mph. The interceptor is currently deployed for U.S. Navy missions.

GovCon Wire Logo

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

Related Articles