WASHINGTON, May 26 (UPI) -- Raytheon Missile Systems has been awarded a $9 million U.S. Navy contract modification to exercise fiscal 2016 options for Standard Missile-6 production and spares requirements.
The option stems from an earlier contract, the cumulative value of which stood at $573.2 million after a $270 million option was exercised in February of this year.
The latest work, funded through the Missile Defense Agency, will be undertaken in Arizona and Alabama, with an expected completion date of March 2019.
The SM-6 utilizes the airframe and propulsion elements of the legacy Standard Missile but incorporates the guidance control and advance signal processing of the Advance Medium-Range Air-to-Air Missile, according to Raytheon.
The missile is used on cruisers and destroyers, offering defense against fixed and rotary-wing aircraft, drones, land-attack anti-ship cruise missiles in flight and terminal ballistic missiles.