RTX's Raytheon awarded $6.3 billion multi-year contract for SM-3 IB interceptors
PR Newswire•08/10/2026•17:14 ET
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Key Highlights
- ➤Raytheon awarded up to $6.3 billion for SM-3 IB production and sustainment
- ➤Five-year contract includes two additional option years
- ➤Production will primarily occur at Raytheon facilities in Tucson and Huntsville
- ➤SM-3 IB first saw combat use in 2024
Expert Statements
Phil Jasper, President of Raytheon
“This award underscores Raytheon's commitment to increasing production of critical munitions, ensuring our customers have the defensive capabilities they need, when they need them.”
Phil Jasper, President of Raytheon
“SM-3 Block IB has proven its relevance in combat and this contract helps ensure we can replenish inventories and keep pace with the evolving threats the U.S. Navy, MDA and their partners face around the world.”
RTX's Raytheon awarded $6.3 billion multi-year contract for SM-3 IB interceptors PR Newswire
Contract provides long-term production stability for critical missile defense capability
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