The Missile Defense Agency has formally lifted a restraint imposed last year on production of the newest Aegis ballistic missile interceptor following an early 2018 flight test failure, awarding Raytheon a $267 million option to proceed with building 24 Standard Missile-3 Block IIA rounds. On Nov. 1, MDA increased an undefinitized contract action from $387 million to $654 million for SM-3 Block IIA production to Raytheon, according to a Pentagon contract announcement. "[T]he contractor is now authorized to work the...
