The U.S. Missile Defense Agency (MDA) exercised a USD523 million contract option with Raytheon Missile Systems to produce, test and deliver 47 Standard Missile-3 (SM-3) Block IB interceptors for operational testing and deployment.
This is the fiscal year 2016 option under the USD2,351,177,872 contract for SM (Standard Missile) missiles awarded to the company in 2015. The guided missiles are used by the U.S. Navy to provide regional defense against short-to-intermediate-range ballistic missiles.
More than 270 SM-3 missiles have been delivered to date. SM-3 Block IB is deployed at sea, and was deployed ashore in Romania in late 2015. SM-3 Block IIA is on track for deployment at sea, and ashore in 2018 in Poland.