The U.S. Missile Defense Agency has awarded a contract worth $2.1 billion for the production and delivery of SM-3 Block IB interceptors to Raytheon. SM-3 is a ballistic missile interceptor that can be launched on land and at sea. Full-rate production was reached in 2017. SM-3 is deployed worldwide and has achieved more than 30 exoatmospheric intercepts against ballistic missile targets so far.
“This procurement deal is a win-win for government and industry,” said Dr Mitch Stevison, Vice President Raytheon Strategic and Naval Systems. “Efficiencies gained from this contract will allow us to reduce costs, continue to improve the SM-3 and deliver an important capability to our military.”
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