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Navy/USMC

Raytheon Nabs $614 Million Modification For 17 SM-3 Block IIAs, Decreasing Contract Value

Rich Abott By
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Raytheon Nabs $614 Million Modification For 17 SM-3 Block IIAs, Decreasing Contract Value
An SM-3 Block IIA missile interceptor is launched from the USS John Paul Jones in a Feb. 2017 test called SFTM-1. (Photo: Missile Defense Agency)

The Missile Defense Agency (MDA) awarded Raytheon [RTN] a $614 million modification to produce 17 Standard Missile (SM)-3 Block IIA missiles and other associated work, reducing the overall contract overall value.The Aug. 28 modification directed Raytheon to build  the missiles, perform production support and engineering efforts, obsolescence monitoring, technical baseline engineering support, quality assurance and audit efforts, and provide containers.This award definitizes a previously awarded undefinitized contract action from Dec. 2015 and decreases the total contract value from $630 million…

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