USA: Raytheon Lands USD 243.4 Mln Standard Missile-6 Deal

The U.S. Navy awarded Raytheon Company a $243,478,659 contract for procurement of 89 Standard Missile-6 Block I all up rounds, spares, containers and services. Raytheon received the contract in its third quarter.

The SM-6 provides U.S. Navy sailors and their vessels extended range protection against fixed- and rotary-wing aircraft, unmanned aerial vehicles and cruise missiles as part of the Naval Integrated Fire Control-Counter Air (NIFC-CA) mission area.

SM-6 delivers an over-the-horizon air defense capability by combining the Standard Missile’s airframe and propulsion with the Advanced Medium-Range Air-to-Air Missile’s signal processing and guidance control capabilities.

In February, Raytheon delivered the first SM-6 from its new $75 million, 70,000 square-foot SM-6 and Standard Missile-3 all-up-round production facility at Redstone Arsenal in Huntsville, Ala. In May, a Defense Acquisition Board approved full-rate production of the SM-6 missile.

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Press Release, October 1, 2013; Image: Raytheon