The Pentagon inked a five-year contract with Raytheon for the steady production of ballistic missile interceptors that use force to destroy targets, rather than explosives.
The $6.3 billion contract, which provides two additional option years, will see Raytheon provide the Defense Department with a continuous supply of Standard Missile-3 Block IB interceptors manufactured primarily in Tucson, Arizona and Huntsville, Alabama.
“SM-3 Block IB has proven its relevance in combat and this contract helps ensure we can replenish inventories and keep pace with the evolving threats the U.S. Navy, MDA and their partners face around the world,” Raytheon President Phil Jasper said in a statement.
by Zita Ballinger Fletcher/Defense News – Pentagon, Raytheon sign $6.3B deal to replenish US missile interceptor supply
