Raytheon Receives $126M Contract for SM-3 Block 1B

The Defense Department has authorized a $126 million modification to a contract with Raytheon so that the defense industrial giant can purchase the items needed to produce as many as 29 Standard Missile 3 Block 1B interceptors.

The Block 1B interceptor can be launched against short-, medium- and intermediate-range ballistic missiles. The missile is to be deployed in Romania around 2015 and in Poland in 2018 as part of the Obama administration's phased adaptive approach for European missile defense.

Work under the Raytheon contract is anticipated to be wrapped up by the end of September 2016.

June 28, 2013
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The Defense Department has authorized a $126 million modification to a contract with Raytheon so that the defense industrial giant can purchase the items needed to produce as many as 29 Standard Missile 3 Block 1B interceptors.

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