Raytheon wins $745 million contract for SM-3 IIA interceptors

Raytheon has secured a $745 million contract from the Missile Defense Agency to produce and sustain Standard Missile-3 Block IIA interceptors.

“SM-3 Block IIA is a cornerstone of regional defense, giving the U.S. and allied partners greater reach, accuracy and confidence against evolving threats,” said Barbara Borgonovi, president of Naval Power at Raytheon. “We’ve made sustained investments in our production lines and processes, which are allowing us to increase capacity and deliver these critical munitions to our customers more quickly.”

Developed cooperatively by Japanese industry and Raytheon, the SM-3 Block IIA incorporates a larger rocket motor and an enhanced kinetic warhead compared with earlier variants, enabling faster engagement and coverage of larger areas against short- to intermediate-range ballistic missile threats.

RTX said it has expanded capacity across its Standard Missile production line, including a recent $115 million expansion of its Alabama missile integration facility that is expected to boost integration and delivery capacity by more than 50%. Work under the new award will take place at Raytheon sites in Tucson, Arizona, and Huntsville, Alabama.

The company said it is hiring to support the program, with opportunities for emerging talent, experienced professionals, and veterans.