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 Navy to acquire micro-uncrewed underwater vehicles for ISR and coastal data collection]()
US Navy to acquire micro-uncrewed underwater vehicles for ISR and coastal data collection
The Naval Supply Systems Command is seeking authorised resellers of JaiaBot uncrewed underwater vehicles and multivehicle pods. The platforms will support undergraduate education at the US Naval Academy.
-
![NATO tests use of “undetectable, jam-proof” laser communication in maritime scenarios]()
NATO tests use of “undetectable, jam-proof” laser communication in maritime scenarios
As part of its effort to better prepare its capabilities for operations in contested and congested scenarios, NATO evaluated a Lithuanian ship-to-ship terminal designed to not be susceptible to enemy interference.
-
![Future of the Canadian Patrol Submarine Project is still unclear]()
Future of the Canadian Patrol Submarine Project is still unclear
The Canadian government remains tight-lipped on the timeline and funding required for the next steps of its Canadian Submarine Patrol Project, which should offer improved capabilities for the country’s navy.
-
![Mitsubishi eyes future with Australia’s Mogami selection]()
Mitsubishi eyes future with Australia’s Mogami selection
With Australia’s selection of the Mogami-class for Project Sea 3000, Mitsubishi is investigating local production in the next decade as potential export opportunities emerge.
-
![Thales’ new Sonar 76Nano could equip UK Royal Navy on anti-submarine warfare missions]()
Thales’ new Sonar 76Nano could equip UK Royal Navy on anti-submarine warfare missions
The new sonar is designed to equip uncrewed underwater vessels, with the potential to be used by the Royal Navy for its Atlantic Bastion and Atlantic Net missions.
