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?
More from Naval Warfare
-
![US tests the newest QUICKSINK maritime weapon variant in the Norwegian Sea]()
US tests the newest QUICKSINK maritime weapon variant in the Norwegian Sea
The low-cost, anti-ship, precision-guided 500lb class capability was launched by a USAF B-2 Spirit stealth bomber.
-
![US Navy seeks suppliers for Landing Craft Utility 1700-class]()
US Navy seeks suppliers for Landing Craft Utility 1700-class
With ongoing market research to find potential shipyards for building LCUs, NAVSEA intends to issue a request for proposals for the programme next year.
-
![US Coast Guard orders 10 additional Fast Response Cutters]()
US Coast Guard orders 10 additional Fast Response Cutters
The USCG exercised a $507 million contract option for the acquisition of 10 extra FRCs. This new order will raise the total number of Sentinel-class vessels procured by the service from 67 to 77.
-
![DSEI 2025: Red Cat expands into USV production with focus on combat-proven technology]()
DSEI 2025: Red Cat expands into USV production with focus on combat-proven technology
At DSEI 2025, Red Cat outlines its expansion from UAVs into uncrewed surface vessels (USVs), positioning itself as a multi-domain defence provider spanning land, sea, and air.
-
![Anduril Australia wins A$1.7 billion Ghost Shark XL-AUV contract]()
Anduril Australia wins A$1.7 billion Ghost Shark XL-AUV contract
The vessels are expected to deliver a major boost to Australia’s undersea warfare capabilities, with production set to start immediately.
