Raytheon will produce and deliver SM-3 Block IB interceptors under a $2.1 billion, multi-year US Missile Defense Agency contract.
It is the first multi-year contract for the SM-3 program, and covers fiscal years 2019–2023.
SM-3 is the only ballistic missile interceptor that can be launched on land and at sea. It is deployed worldwide and has achieved more than 30 exoatmospheric intercepts against ballistic missile targets.
“This procurement deal is a win-win for government and industry,” said Dr. Mitch Stevison, Raytheon Strategic and Naval Systems vice president. “Efficiencies gained from this contract will allow us to reduce costs, continue to improve the SM-3 and deliver an important capability to our military.”
The Block IB variant achieved full-rate production in 2017. The company has delivered more than 400 SM-3 rounds over the lifetime of the program.
If you would like to join our community and read more articles like this then please click here.
Post written by: Matt Brown
RELATED ARTICLES
February 2, 2026
Homeland - DPRTE 2026 Speaker Lineup: Almost Complete - Here's What to Expect
We’re thrilled to reveal that the speaker programme for DPRTE 2026 is nearly finalised – and it’s shaping up to
February 2, 2026
Homeland - £20M unicorn fund launched
The Ministry of Defence has launched a new £20 million bespoke fund designed to identify and support the next generation
