Raytheon, an RTX business, was awarded a contract valued at up to $6.3 billion for the production and sustainment of Standard Missile-3 Block IB (SM-3 IB) interceptors, announced on October 8, 2026. The deal is a five-year contract with two additional option years.
The company said the award supports replenishment of missile defense inventory for the U.S. Navy, the Missile Defense Agency and partners. Production will be completed primarily at Raytheon facilities in Tucson, Arizona, and Huntsville, Alabama.