Raytheon awarded $12M for work on Standard Missile

By Allen Cone  |  Feb. 15, 2018 at 1:53 PM
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Feb. 15 (UPI) -- Raytheon Missile Systems was awarded a $12.1 million modified contract to work on Standard Missile-2 and Standard Missile-3 for the U.S. Navy and other countries.

Most of the engineering and technical services on the SM-2 surface to air missiles and the SM-6 anti-air and anti-surface missiles will be performed at the company's headquarters in Tucson, Ariz., with completion by December 2019, the Defense Department announced on Wednesday.

Engineering and technical services work will also support missiles for Australia, Japan, Republic of Korea and Royal Netherlands Navy.

Allocations include $8.1 million in fiscal 2018 research, development, test and evaluation funding, foreign military sales funding of $2.5 million and other Department of Defense funding of $1.3 million. The funds will not expire at the end of the current fiscal year.

SM-2 missiles have a range of 90 to 200 nautical miles, while the SM-6 is the only missile that supports anti-air warfare, anti-surface warfare and sea-based terminal ballistic missile defense in one system, according to Raytheon.

In January, a Raytheon-built Standard Missile-3 interceptor failed to hit its target in a test in Kauai, Hawaii. The first test, last February, was successful, but a second one failed in June.

Last August, Raytheon was also awarded a $614.5 million U.S. government contract to develop the SM-3IIA.

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