RTX Corp. announced that its subsidiary Raytheon has been awarded a five-year contract valued at up to $6.3 billion for the production and sustainment of Standard Missile-3 Block IB interceptors. The agreement includes two additional option years, providing long-term stability for critical missile defense capabilities.
Production under the contract will be primarily conducted at Raytheon facilities in Tucson, Arizona, and Huntsville, Alabama.
The SM-3 IB is a versatile interceptor designed for both ship-based and land-based platforms, engineered to defeat short- to intermediate-range ballistic missiles during the midcourse phase of flight.
First utilized in combat in 2024, the interceptor is a key component of the U.S. Navy’s extended-range integrated air and missile defense system, working in conjunction with SM-3 IIA and other Standard Missile family members.
This contract is part of recent landmark agreements between Raytheon and the U.S. Department of Defense, supporting urgent replenishment of missile defense inventories and enhancing protection for U.S. forces, allies, and critical infrastructure.
In early October, Raytheon secured a separate five-year contract worth up to $24.4 billion for Standard Missile-6 interceptors from the U.S. Department of Defense.
On the NYSE, RTX shares gained approximately 0.41%, trading at $185.07, extending a 2.25% increase from the previous trading session.
