Advertisement

Raytheon nabs $2.1B for work on Standard Missile-3 Block IB rounds

Raytheon nabs $2.1B for work on Standard Missile-3 Block IB rounds
A Standard Missile-3 is launched from the guided missile cruiser USS Lake Erie during a joint Missile Defense Agency, U.S. Navy ballistic missile flight test. Photo courtesy of U.S. Navy

March 27 (UPI) -- The U.S. Missile Defense Agency has awarded Raytheon Missile Systems with a $2.1 billion contract for work on Standard Missile-3 Block IB rounds for United States and allies, the Pentagon has announced.

The contract, announced Thursday by the Department of Defense, funds the manufacture and services associated with the missile system. The deal came on the same day Raytheon announced a $1 billion, five-year deal to buy propulsion systems from Aerojet Rocketdyne for Standard Missile projects.

Advertisement

Raytheon's Standard Missile 3 is a missile system used by the Navy to intercept short- and intermediate-range ballistic missiles.

The DoD contract is financed with funds from fiscal years 2019 through 2023 but has a period of performance from contract award through March 2027.

Work on the deal will be performed in Tucson, Ariz., and Huntsville, Ala.

Latest Headlines

Advertisement
Advertisement

Follow Us

Advertisement