Business

December 17, 2012

Raytheon awarded $108 million for SM-2 production

The U.S. Navy has awarded Raytheon a $108 million contract for continued production of Standard Missile-2 all-up rounds, a majority of which will be sold to U.S. allies through foreign military sales.

This award brings the total fiscal year 2011 contract value to more than $200 million.

“The U.S. Navy has committed to supporting SM-2 past 2035, and this contract award reflects our international partners’ desire to maintain this key defensive asset in their inventories,” said Michael Campisi, Raytheon Missile Systems’ senior director for SM-2 and SM-6 production. “The SM-2 production line is open for all our allies’ requirements, and there will be full mission support available throughout the lifecycle of this critical asset.”

SM-2 is deployed by the U.S. and eight allied navies. The missile provides high- and low-altitude intercept capabilities and performance against advanced anti-ship missile threats.

“SM-2 has been the primary surface-to-air fleet-air defense weapon of choice for decades,” said Campisi. “It’s an extremely effective, relevant weapon that will continue to protect navies around the globe for many years to come.”

SM-2 is the world’s premier fleet-area air defense weapon, providing protection from a wide range of advanced threats.

 




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