Pentagon Awards Raytheon Up to $6.3 Billion Multi-Year SM-3 IB Missile Contract
The Pentagon has awarded Raytheon a multi-year contract worth up to $6.3 billion to produce Standard Missile-3 Block IB interceptors, a move aimed at replenishing U.S. missile defense inventories and sustaining industrial capacity. The deal underscores Washingtonโs push to harden layered air and missile defenses as demand rises across U.S. and allied security architectures.
