Pentagon, Raytheon sign $6.3B deal to replenish US missile interceptor supply

The Pentagon inked a five-year contract with Raytheon for the steady production of ballistic missile interceptors that use force to destroy targets, rather than explosives. The $6.3 billion contract, which provides two additional option years, will see Raytheon provide the Defense Department with a continuous supply of Standard Missile-3 Block IB interceptors manufactured primarily in Tucson, Arizona and Huntsville, Alabama. “SM-3 Block IB has proven its relevance in combat and this contract helps ensure we can replenish inventories and keep pace with the evolving threats the U.S. Navy, MDA…