MDA executes landmark multiyear SM-3 Block 1B procurement with five-year, $2.1B deal

By Jason Sherman / March 27, 2020 at 2:26 PM
The Missile Defense Agency has awarded its first-ever multiyear procurement deal, a $2.1 billion package more than five years in the making that calls for Raytheon to manufacture 230 Standard Missile-3 Block IB interceptors for the Navy and Japan. On March 26, MDA awarded Raytheon a sole-source $2.1 billion contract that is a combination of fixed-price incentive, firm-fixed price and cost-plus-fixed-fee contract types. The award covers purchases from fiscal years 2019 to 2023 for the U.S. government and an unidentified...

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