US, Japan Fund $745M SM-3 Deal
2 sources · first reported 9h ago
The US Missile Defense Agency awarded Raytheon a $745 million contract to manufacture SM-3 Block IIA interceptors. The deal covers the production of complete Standard Missile-3 Block IIA interceptors and extends ballistic missile interceptor production through 2031.
Why it matters
The contract signifies a significant investment in ballistic missile defense capabilities, enhancing the US and Japan's ability to counter emerging threats. The extension of production through 2031 ensures a long-term commitment to maintaining and upgrading these critical defense systems.
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