Raytheon Awarded $149 M for Standard Missile-6s
The U.S. Navy awarded Raytheon Company (NYSE: RTN) an additional $149 million for 74 Standard Missile-6 all up rounds, spares, containers and services. When combined with the nearly $110 million long-lead material purchase made in March 2015, the total full-rate production contract for Fiscal Year 2015-2016 is $259 million. Future contract modifications include options which, if exercised, would bring the cumulative value of this contract to nearly $563 million.
USS John Paul Jones launches a Raytheon-made Standard Missile-6 during testing.
"The SM-6 has advanced capabilities and speed," said Mike Campisi, SM-6 senior program director. "Combatant commanders want their deployed ships armed with as many of these interceptors as possible, and we're ramping up production to meet that need."
Global Military Smart Weapons Sales Market Report 2016
SM-6 is a surface-to-air supersonic missile capable of successfully engaging manned and unmanned aerial vehicles and fixed- and rotary-wing aircraft. It also defends against land-attack and anti-ship cruise missiles in flight.
The SM-6 deployed for the first time in 2013, and Raytheon has delivered more than 160 missiles. The missile's final assembly takes place at Raytheon's state-of-the-art SM-6 and SM-3 all-up-round production facility at Redstone Arsenal in Huntsville, Ala.
About the Standard Missile-6
SM-6 delivers a proven over-the-horizon air defense capability by leveraging the time-tested advantages of the Standard Missile's airframe and propulsion.
- The SM-6 uses both active and semiactive guidance modes and advanced fuzing techniques.
- It incorporates the advanced signal processing and guidance control capabilities from Raytheon's Advanced Medium-Range Air-to-Air Missile.
Source : Raytheon Corporation (NYSE: RTN) - view original press release