Raytheon nets MDA’s first-ever multiyear contract
Raytheon has locked in $2.1 billion in orders for Standard Missile-3 (SM-3) Block IB interceptors, in a watershed development that marks the first time the Missile Defense Agency (MDA) has executed a multi-year procurement contract.
Company executives said that consolidating five years of planned purchases (between FY2019 and FY2023) into a single contract allowed Raytheon to offer the SM-3 Block IB at the lowest unit price to date and provide stability for the supplier base, which includes more than 100 companies across 12 states.
‘Having a multi-year for our workhorse BMD [ballistic missile defence] missile for the US Navy really
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 2 free stories per week
- Daily news round-up email service
- Access to all Decisive Edge email newsletters
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
More from Naval Warfare
-
![US Coast Guard acquires icebreaker, and gets approval for Polar cutter]()
US Coast Guard acquires icebreaker, and gets approval for Polar cutter
The investment will help the US move towards its prescribed Arctic requirement.
-
![Saab signs modernisation deal for Sweden’s coastal anti-ship missile capability]()
Saab signs modernisation deal for Sweden’s coastal anti-ship missile capability
Sweden’s Baltic coastal defence will be upgraded with new missile options.
-
![South Korea chooses LIG Nex1 for reconnaissance USV]()
South Korea chooses LIG Nex1 for reconnaissance USV
The uncrewed surface vessel was secured with a DAPA contract.
-
![Pakistan Navy takes second OPV 2600 vessel from Damen]()
Pakistan Navy takes second OPV 2600 vessel from Damen
The PNS Yamama completes the class of maritime security vessels.
-
![Hanwha Ocean to build FFX Batch-IV frigates for South Korea]()
Hanwha Ocean to build FFX Batch-IV frigates for South Korea
Hanwha Ocean aims for consistency between Batch-III and Batch-IV, despite radical technological overhaul.
