Raytheon Company has received a contract of $559 million from Missile Defense Agency for SM-3 Block IB.
This are guided missiles which are used by the U.S. Navy to provide regional defense against short- to intermediate-range ballistic missile threats.
Under this contract Raytheon will deliver an initial quantity of 44 Standard Missile-3 Block IB all-up rounds and provide the work required to produce and deliver the third stage rocket motor reliability growth and design enhancements. The government expressed its intention to purchase additional missiles up to a total quantity of 52. Final assembly of the SM-3 Block IB takes place at Raytheon's state-of-the-art SM-6 and SM-3 all-up-round production facility at Redstone Arsenal in Huntsville, Ala.
SM-3s destroy incoming ballistic missile threats in space using nothing more than sheer impact, which is equivalent to a 10-ton truck traveling at 600 mph.
More than 200 SM-3s have been delivered to the U.S. and Japan to date.
SM-3 Block IB will be deployed ashore in 2015 in Romania.
SM-3 Block IIA is on track for deployment at sea and ashore in 2018 in Poland
|Estimated Cost||$559 million|