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Raytheon, Missile Defense Agency sign landmark $2 billion Standard Missile-3 contract
SM-3 is the only ballistic missile interceptor that can be launched on land and at sea. It is deployed worldwide and has achieved more than 30 exoatmospheric intercepts against ballistic missile targets.
"This procurement deal is a win-win for government and industry," said Dr.
The Block IB variant achieved full-rate production in 2017. The company has delivered more than 400 SM-3 rounds over the lifetime of the program.
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