TUCSON, Ariz., May 4, 2015 /PRNewswire/ -- The Missile Defense
Agency awarded Raytheon Company (NYSE: RTN) an undefinitized
contract action for a fiscal year 2015 contract valued at
$559,206,957 million for Standard
Missile-3 Block IBs, which are guided missiles used by the U.S.
Navy to provide regional defense against short- to
intermediate-range ballistic missile threats.
Under this contract action, which was announced April 30 by the
Department of Defense, Raytheon will deliver an initial quantity of
44 Standard Missile-3 Block IB all-up rounds and provide the work
required to produce and deliver the third stage rocket motor
reliability growth and design enhancements. The government
expressed its intention to purchase additional missiles up to a
total quantity of 52.
Final assembly of the SM-3 Block IB 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.
Deployed at sea for the first time in 2014, the SM-3 Block IB is
on track for land-based deployment in Romania this year in line with the second
phase of the Phased Adaptive Approach, the U.S.'s plan for missile
defense in Europe.
About the 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 200 SM-3s have been delivered to the U.S. and
Japan to date.
- SM-3 Block IB will be deployed ashore in 2015 in Romania.
- SM-3 Block IIA is on track for deployment at sea and ashore in
2018 in Poland
About Raytheon
Raytheon Company, with 2014 sales
of $23 billion and 61,000 employees worldwide, is a
technology and innovation leader specializing in defense, security
and civil markets throughout the world. With a history of
innovation spanning 93 years, Raytheon provides state-of-the-art
electronics, mission systems integration and other capabilities in
the areas of sensing; effects; and command, control, communications
and intelligence systems, as well as cyber security and a broad
range of mission support services. Raytheon is headquartered
in Waltham, Mass. For more about Raytheon, visit us
at www.raytheon.com and follow us on
Twitter @raytheon.
Media Contact
Heather
Uberuaga
+1.520.891.8421
rmspr@raytheon.com
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SOURCE Raytheon Company