Raytheon, an RTX business, received an $8.41 billion ceiling increase from the U.S. Missile Defense Agency. This modification supports the Standard Missile-3 (SM-3) program.
The adjustment raises the total potential value of the indefinite-delivery/indefinite-quantity contract to $11.74 billion. The previous contract ceiling was $3.33 billion.
Raytheon will provide management, materials, and engineering services to sustain SM-3 interceptor systems. The agreement serves the U.S. government and foreign military sales partners.
Work will continue through October 29, 2029. Operations will take place in Tucson, Arizona, and Huntsville, Alabama.
The expansion increases long-term revenue visibility for Raytheon’s missile defense portfolio.