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Pentagon, Raytheon ink up to $6.3 billion multi-year contract for SM-3 IB missiles

Pentagon, Raytheon ink up to $6.3 billion multi-year contract for SM-3 IB missiles
A Standard Missile-3 (SM-3) Block 1B interceptor missile is launched from the guided-missile cruiser USS Lake Erie (CG 70) during a Missile Defense Agency and U.S. Navy test in the mid-Pacific. (U.S. Navy photo)
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Automatically curated summary from Breaking Defense.

According to Breaking Defense, the Pentagon and Raytheon have entered into a multi-year contract valued at up to $6.3 billion for SM-3 IB air defense missiles. This contract agreement follows several months after the Department of Defense and Raytheon established a framework agreement designed to increase the production of these air defense munitions. Detailed contract terms, exact delivery schedules, and specific budget breakdowns were not fully provided in the short excerpt.

Context and limitations

The excerpt provides minimal details; official contract terms, precise funding allocations, and delivery schedules require verification against official Department of Defense contract announcements.

Pentagon, Raytheon ink up to $6.3 billion multi-year contract for SM-3 IB missiles
Image via Breaking Defense; original credits at the source.
Pentagon, Raytheon ink up to $6.3 billion multi-year contract for SM-3 IB missiles
Image via Breaking Defense; original credits at the source.
Pentagon, Raytheon ink up to $6.3 billion multi-year contract for SM-3 IB missiles
Image via Breaking Defense; original credits at the source.

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