What Happened
Five-Year Deal Supports Production Of Ballistic Missile Interceptors
The US Department of War and the Missile Defense Agency have awarded Raytheon a multi-year procurement contract worth up to $6.3 billion to produce Standard Missile-3 Block IB interceptors. The agreement covers five years, with two additional option years, and authorizes work to begin immediately at facilities in Tucson, Arizona, and Huntsville, Alabama. The SM-3 Block IB interceptors are designed to counter ballistic missile threats and operate within the Aegis Ballistic Missile Defense system. This contract was reported by Unknown Source.