USA: Raytheon Awarded $122 Million for Standard Missile-3

Con­tract will fund con­tin­ued devel­op­ment and test­ing
TUCSON, Ariz., Dec. 26, 2011 /PRNewswire/ — Raytheon Com­pa­ny (NYSE: RTN) received a $122.5 mil­lion con­tract from the U.S. Mis­sile Defense Agency for con­tin­ued devel­op­ment of Stan­dard Mis­sile-3 Block IA and IB pro­grams. Under this mod­i­fi­ca­tion, Raytheon will pro­vide SM-3 design and engi­neer­ing, in ser­vice engi­neer­ing sup­port, pro­duc­tion engi­neer­ing, sur­veil­lance and flight test sup­port, and tran­si­tion to pro­duc­tion.

The con­tract was announced Dec. 22 by the Depart­ment of Defense.

About SM-3

Raytheon’s SM-3s are designed to defend against short- to inter­me­di­ate-range bal­lis­tic mis­sile threats in the ascent and mid­course phas­es of flight.
SM-3 Block IA is Raytheon’s first vari­ant in the SM-3 fam­i­ly; it is deployed today in sup­port of the first phase of the administration’s Phased Adap­tive Approach (PAA) for bal­lis­tic mis­sile defense.
Raytheon has deliv­ered more than 130 SM-3 Block IAs ahead of sched­ule and under cost.
The SM-3 Block IB is Raytheon’s sec­ond vari­ant in the SM-3 fam­i­ly.
The SM-3 Block IB has an enhanced kinet­ic war­head seek­er, throt­tleable divert and atti­tude con­trol sys­tem, and advanced sig­nal pro­cess­ing.
Raytheon’s SM-3 Block IB is the cor­ner­stone of phase two of the administration’s PAA and is on track for a 2015 deploy­ment at sea and ashore.
About Raytheon

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.

Media Con­tact

Heather Uberu­a­ga
+1.520.891.8421
rmspr@raytheon.com