Raytheon Awarded $241 Million Contract for SM-3 Block IIA
Missile on schedule for 2018 deployment
TUCSON, Ariz., Dec. 12, 2011 /PRNewswire/ -- The Missile Defense Agency awarded Raytheon Company (NYSE: RTN) a $241 million contract modification for continued engineering design and development work on the Standard Missile-3 Block IIA.
The SM-3 Block IIA is a co-development effort between the U.S. and Japan and the cornerstone of phase three of the administration's Phased Adaptive Approach. The SM-3 Block IIA's larger rocket motors and advanced kinetic warhead will allow for a greater defended area, protecting both the U.S. and its allies from ballistic missiles.
"The co-development of the SM-3 Block IIA with our Japanese allies continues to be an industry-leading example of global partnership," said Wes Kremer, vice president of Raytheon Missile Systems' Air and Missile Defense Systems product line. "The SM-3 Block IIA is on track for a 2018 deployment."
SM-3 is being developed as part of the Missile Defense Agency's sea-based Aegis Ballistic Missile Defense System. The missiles are deployed on Aegis cruisers and destroyers to defend against short- to intermediate-range ballistic missile threats in the midcourse phase of flight. Raytheon has delivered more than 130 SM-3s to U.S. and Japanese navies ahead of schedule and under cost.
Raytheon Company, with 2010 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 89 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 a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter at @raytheon.
Note to Editors
In November, Raytheon Company selected Aerojet for the development of a new, more advanced Throttleable Divert and Attitude Control System for the SM-3 Block IIA. Aerojet was selected after a challenging series of engineering tests demonstrated the feasibility of the system's design. Essentially a rocket motor with 10 nozzles, the TDACS's precision propulsion enables the kinetic warhead to intercept an incoming ballistic missile.
SOURCE Raytheon Company
The content of this News Release Archive is historical content. See this
important information regarding such content.