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Pentagon

Raytheon Wins Contract For 52 SM-3 Block IB Missiles Worth Up To $2.3 Billion

Monday, December 21st, 2015

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Raytheon Wins Contract For 52 SM-3 Block IB Missiles Worth Up To $2.3 Billion

A SM-3 1B launching off a Navy cruiser in Oct. 2013. Photo: Missile Defense Agency.

The Missile Defense Agency awarded Raytheon [RTN] a contract modification worth up to $2.3 billion to procure the material for, fabricate, test, and deliver 52 Standard Missile (SM)-3 Block IB missiles, the Defense Department said Friday.The contract amount includes is a sole-source fixed-price-incentive, firm-fixed-price, and cost-plus-fixed-free modification when all options are included.In addition to production, testing, and delivery, the contract calls for Raytheon to provide all-up-round support and execute recertification efforts.The modification also puts a lid on a previously awarded…

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Budget

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