Business

March 7, 2014

Raytheon receives $350 million SM-3 Block IB contract

The Missile Defense Agency has awarded Raytheon $350 million to increase its procurement of Standard Missile-3 Block IB missiles from 8 to 44.

The SM-3 is designed to destroy incoming short-, medium-, and intermediate-range ballistic missile threats by colliding with them in space, a concept sometimes described as “hitting a bullet with a bullet.”

The work will be performed in Tucson, Ariz., and Huntsville, Ala., through September 2016.

Standard Missile-3 2013 Year-in-Review

February: SM-3 Block IA destroys medium-range ballistic missile target using remote satellite cue

March: Raytheon’s dual-band datalink tested with Thales radar

May: SM-3 Block IB destroys complex, separating short-range ballistic missile target

June: Raytheon delivers first SM-3 from its new Alabama missile integration facility

September: SM-3 Block IA destroys medium-range ballistic missile target during operational test

September: U.S. Navy launches two SM-3 Block IBs against single ballistic missile target; target destroyed

October: SM-3 Block IB destroys medium range ballistic missile target; completes initial operational testing

October: SM-3 Block IIA completes critical design review; program moves from design to build




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