The Missile Defense Agency awarded Raytheon Company a $312 million manufacturing contract for the Standard Missile-3 Block IB program. The contract provides the funding necessary to complete the development phase of the SM-3 Block IB program and deliver the rounds to the MDA.

“We expect to deliver the first flight test rounds to the MDA this summer,” said Frank Wyatt, vice president of Raytheon’s Air and Missile Defense Systems product line . “The SM-3 Block IB will provide an increased engagement capability against a wider variety of ballistic missile threats, giving the warfighter increased flexibility to protect U.S. and allied forces.”