Raytheon, Missile Defense Agency sign landmark $2 billion Standard Missile-3 contract

TUCSON, Ariz., March 30, 2020 /PRNewswire/ -- Raytheon Company (NYSE: RTN) 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 program, and covers fiscal years 2019–2023.

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SM-3 is the only ballistic missile interceptor that can be launched on land and at sea. It is deployed worldwide and has achieved more than 30 exoatmospheric intercepts against ballistic missile targets.stats
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