Raytheon producing and delivering 44 Standard Missile-3 rounds under $466 million contract
LONDON, July 17, 2018 /PRNewswire/ -- Raytheon Company (NYSE: RTN) will produce, test and deliver 44 Standard Missile-3 Block IB interceptors under a $466.9 million U.S. Missile Defense Agency contract.
- LONDON, July 17, 2018 /PRNewswire/ -- Raytheon Company (NYSE: RTN) will produce, test and deliver 44 Standard Missile-3 Block IB interceptors under a $466.9 million U.S. Missile Defense Agency contract.
- This is the fiscal year 2018 contract under the initial 2015 contract announcement of $2,351,177,872 for planned SM-3 fiscal year 2015-2018 production.
- The U.S. Navy uses the missiles to provide regional defense against short- to intermediate-range ballistic missiles.
- "The missile's deployment on land and at sea makes it invaluable to upper-tier missile defense in Europe and for U.S. naval forces."