Raytheon Awarded $142 Million Contract

Tucson's Raytheon Company has been awarded a $142 million contract for domestic production of the Standard Missile-2 (SM-2) for the U.S. Navy. Raytheon will deliver 75 Block IIIB missiles, 80 Block IIIB conversion kits, telemeters, spare parts, rocket motors & missile maintenance support. Work on the contract will be performed at Raytheon's Missile Systems business in Tucson & Camden, Ark. The SM-2 Block IIIB, which entered the fleet in 1998, incorporates a side-mounted infrared seeker to aid in endgame guidance. Standard Missile has been the U.S. Navy's primary surface-to-air fleet air defense weapon for more than 3 decades. It is the most technically advanced & the most capable air defense missile in the world. SM-2 is operational on guided missile cruisers, destroyers & frigates in the U.S. Navy & is in operation with 13 allied navies.