Raytheon say they will produce and deliver SM-3 Block IB interceptors under a $2.1 billion, multi-year U.S. Missile Defense Agency contract.
It is the first multi-year contract for the SM-3 programme, and covers 2019–2023.
SM-3 is the only ballistic missile interceptor that can be launched on land and at sea, say the firm.
“This procurement deal is a win-win for government and industry,” said Dr. Mitch Stevison, Raytheon Strategic and Naval Systems vice president.
“Efficiencies gained from this contract will allow us to reduce costs, continue to improve the SM-3 and deliver an important capability to our military.”
The Block IB variant achieved full-rate production in 2017. The company has delivered more than 400 SM-3 rounds over the lifetime of the programme.
According to Missile Threat:
“The Standard Missile-3 (SM-3) is an exo-atmospheric missile defense interceptor used for theater ballistic missile defense. Part of the the Aegis Weapon System, it uses a hit-to-kill kinetic kill vehicle to intercept ballistic missiles during the midcourse of their flight path.”