Daily News

Navy asks Congress for OK to lock in $2 billion, five-year deal for Raytheon SM-6 interceptors

February 13, 2018 |
Jason Sherman
The Navy is seeking permission from Congress to negotiate a $2 billion, five-year contract to buy Standard Missile-6 interceptors, a deal the service says would avoid $331 million compared to annual purchases. This would be one of two multiyear procurement deals the Pentagon is seeking with Raytheon for Standard Missiles in fiscal year 2019. The Missile Defense Agency plans to seek a separate multiyear procurement request for Standard Missile-3 Block IB guided missile interceptors as part of the FY-19 budget...

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