Raytheon wins up to $6.3 billion Standard Missile-3 contract
Raytheon said it won a multi-year US military contract worth up to $6.3 billion to produce and sustain Standard Missile-3 Block IB interceptors.
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09:10:48 PM UTC
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RTX RAYTHEON AWARDED $6.3B MULTI-YEAR CONTRACT FOR SM-3 IB INTERCEPTORS, PER THE DEPARTMENT OF WAR CBO estimated last month that the Iran war has consumed as much as two-thirds of US missile-defense interceptors since June 2025, and that rebuilding the inventory would probably take at least five years. L3Harris received a $6B THAAD propulsion contract from Lockheed Martin on September 29.
3 billion to produce and sustain Standard Missile-3 Block IB interceptors, as the Pentagon seeks to rebuild missile-defence inventories and boost munitions production. The award comes as the Pentagon looks to repair missile-defence stocks and increase munitions output.