Tucson, Arizona-based Raytheon has signed a major new contract with the U.S. Navy worth about $258 million. Under this contract, Raytheon will be engaged in the engineering development, production and refinement of Standard Missile 2 (SM-2) Block IIICU All Up Round missiles.
The SM-2 is considered one of the main anti-aircraft protection systems for US Navy ships. These missiles are effective for repelling attacks from enemy aircraft and anti-ship missiles at ranges up to 90 nautical miles and altitudes up to 20 kilometers.
Work under the contract is expected to be completed by September 2031. About 72% of the work will be carried out in Tucson, while the rest will be carried out at facilities in Connecticut, Great Britain, Utah and other places. The contract includes options to expand financing with a possible total of up to $263 million.
This project is in addition to the $344 million contract received by Raytheon in April this year, which was related to the integration and testing of the same SM-2 missile system. All of this highlights the continued interest and growing role of the SM-2 system as a key defense echelon for U.S. Navy ships.
SM-2 missiles are successfully used not only in the United States, but also by allies around the world, including Australia, Canada, Germany, Japan and other countries. This complex remains an important element of a multi-level marine protection system for several more decades.
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