Raytheon receives $126 M SM-3 contract
Newsletter Subscription


Friday, April 18, 2014


Raytheon receives $126 M SM-3 contract

  • SM-3s protect US and allies from ballistic missile attack

Raytheon Company (NYSE: RTN) was awarded a sole-source, cost-plus-incentive-fee contract valued at $126,000,000. The SM-3 missile is designed to destroy incoming short-, medium-, and intermediate-range ballistic missile threats by colliding with them in space, a concept sometimes described as "hitting a bullet with a bullet."

This contract modification is to procure the material required to manufacture up to 29 SM-3 Block IB missiles. Work will be performed in Tucson, Ariz., with an estimated completion date of Sept. 30, 2016. 


About the Standard Missile-3
The SM-3 does not contain an explosive warhead, but instead destroys the threats using sheer impact, equivalent to a 10-ton truck traveling at 600 mph.

  • More than 150 SM-3s have been delivered to U.S. and Japanese navies.
  • Raytheon is on track to deploy the next-generation SM-3 Block IB guided missile in 2015.
  • SM-3 Block IB will be deployed in both afloat and ashore weapons systems.

Source : Raytheon Corporation (NYSE: RTN)

Published on ASDNews: Jun 27, 2013

 

Integrated Air & Missile Defence Asia 2014 Conference

Aug 20 - 21, 2014 - Kuala Lumpur, Malaysia

Register More info


© 2004-2014 • ASDNews • be the first to know • contact usterms & conditionsprivacy policyadvertisingfaqs