The US Missile Defense Agency has exercised a $523m contract option with Raytheon 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 $2,351bn contract for Standard Missiles awarded to the company in 2015..
award Raytheon SM-3 Standard Missiles US US Missile Defense Agency