TUCSON, Ariz., Aug. 3, 2016 /PRNewswire/ -- The U.S. Missile
Defense Agency exercised a $523
million contract option with Raytheon Company (NYSE: RTN) to
produce, test and deliver 47 Standard Missile-3 (SM-3) Block IB
interceptors for operational testing and deployment.
This is the fiscal year 2016 option under the $2,351,177,872 contract for Standard Missiles
awarded to the company in 2015. The guided missiles are used by the
U.S. Navy to provide regional defense against
short-to-intermediate-range ballistic missile threats.
"Standard Missile-3 plays a critical role in the missile defense
of the U.S. and its allies," said Dr. Taylor W. Lawrence, Raytheon Missile Systems
president. "SM-3's sophisticated capability to destroy enemy
ballistic missiles in space, and its flexibility to deploy from
land or from sea make it invaluable as the centerpiece of the
President's Phased Adaptive Approach for missile defense in
Europe."
Production under this contract will be completed at Raytheon's
world-class Space Factory in Tucson,
Ariz., and integration will take place at Raytheon's
state-of-the-art integration facility in Huntsville, Ala.
About Standard Missile-3
SM-3s destroy incoming
ballistic missile threats in space using nothing more than sheer
impact, which is equivalent to a 10-ton truck traveling at 600
mph.
- More than 270 SM-3s have been delivered to date.
- SM-3 Block IB is deployed at sea, and was deployed ashore in
Romania in late 2015.
- SM-3 Block IIA is on track for deployment at sea, and ashore in
2018 in Poland.
About Raytheon
Raytheon Company, with 2015 sales of
$23 billion and 61,000 employees, is
a technology and innovation leader specializing in defense, civil
government and cybersecurity solutions. With a history of
innovation spanning 94 years, Raytheon provides state-of-the-art
electronics, mission systems integration, C5I™
products and services, sensing, effects, and mission support for
customers in more than 80 countries. Raytheon is headquartered in
Waltham, Massachusetts. Visit us
at www.raytheon.com and follow us on Twitter @Raytheon.
Media Contact
Amanda
Schildt
+1. 571.305.3915
rmspr@raytheon.com
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SOURCE Raytheon Company