Raytheon Wins $75M Deal To Support Standard Missile-3 Program

Raytheon Company RTN's Missile Systems business division recently secured a $74.8-million modification contract to execute the Guidance Electronics Unit (GEU) Phase III procurement under the Standard Missile-3 (SM-3) Block IIA contract. The deal was awarded by the Missile Defense Agency, Dahlgren, Virginia.

Per the terms of the latest deal, Raytheon will provide qualification, test and integration services for upgrading GEU capability to the SM-3 Block IIA missile. Work related to the deal will be primarily executed in Tucson, AZ, with an expected Phase III completion date of Sep 30, 2020.

The modification brings the total face value of the SM-3 BLK IIA contract to $1.19 billion.

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