Author: Jane Edwards|| Date Published: November 4, 2019
Raytheon (NYSE: RTN) has received a potential three-year, $267.2M contract modification to produce, test and deliver 20 Standard Missile-3 Block IIA weapons to the Missile Defense Agency.
The modification includes the production of four SM-3 Block IIA missiles for Japan under a foreign military sales program and increases the contract™s potential value from $1.2B to $1.46B, the Department of Defense said Friday.
SM-3 Block IIA is a weapon system the U.S. Navy uses to target short- to intermediate-range ballistic missiles and a key part of the European missile defense system. It has a larger kinetic warhead and rocket motors built to home in on ballistic missile threats.
MDA will obligate $209M in fiscal 2018 procurement funds and $7.6M in FMS funds at the time of award.
Work will occur in Tucson, Ariz., and Huntsville, Ala., through December 2022.
Melissa Bischoping, senior director of security and product design research at Tanium, said adopting agentic artificial intelligence and other autonomous…
