Raytheon Co. (RTN) was awarded a $230 million contract by the Missile Defense Agency for 14 Standard Missile-3 Block IA missiles and five SM-3 Block IB missiles. The SM-3 Block IA missiles would bolster the nation's inventory that is deployed around the world today aboard U.S and Japanese Navy ships.
Raytheon's SM-3 Block IB, which is designed to destroy short- to intermediate-range ballistic missile threats in space, includes an enhanced two-color infrared seeker for better target discrimination. This improved SM-3, which was recently successful in two back-to-back flight tests in May and June 2012, also has a Throttleable Divert and Attitude Control System that allows the kinetic warhead to propel itself toward incoming threats using short bursts of precision propulsion.
The company has delivered over135 SM-3 missiles to the U.S. and Japanese navies on time and on budget.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.