What Happened
Landmark Agreement Supports Urgent Replenishment Of Missile Defense Inventory
Raytheon, an RTX business, has secured a five-year contract valued up to $6.3 billion for the production and sustainment of Standard Missile-3 Block IB (SM-3 IB) interceptors. The contract supports urgent replenishment of missile defense inventory and underscores Raytheon’s commitment to increasing production of critical munitions. Production under this contract will be primarily completed at Raytheon facilities in Tucson, Arizona, and Huntsville, Alabama. This development was first reported by RTX.