Raytheon Co. was awarded $42 M for the initial concept development and program planning for the Standard Missile-3 Block IIB, which is the Missile Defense Agency’s next-generation Aegis missile.

“Raytheon is the lowest-risk, lowest-cost, most-technically capable provider of missile defense solutions,” said Frank Wyatt, Vice President of Raytheon’s Air and Missile Defense Systems product line. “SM-3 has successfully defeated 18 incoming ballistic missile threats in realistic test scenarios; it’s in a class by itself. Spiral development of the Standard Missile program is the right choice for developing and delivering this capability for the country.”

Raytheon’s Standard Missile-3 family is a core element of the administration’s Phased Adaptive Approach for missile defense. Raytheon engineers have decades of experience in radars, airborne and space-based sensors, interceptors and kill vehicles.