Raytheon will provide Standard Missile-3 Block 1B rounds under the multiyear deal covering SM-3 requirements from fiscal year 2019 through fiscal 2023, the Department of Defense said Thursday.

Raytheon (NYSE: RTN) has secured a $1.02B contract modification from the Missile Defense Agency to provide a total of 62 Standard Missile-3 all-up rounds to U.S. and foreign military sales ...

Unlike the Navy's other missile interceptors, the SM-3 can engage targets in space. The SM-3 uses a kinetic kill vehicle to destroy short- to intermediate-range ballistic missiles. US Navy photo ...

Since last year, US warships have repeatedly fired SM-3 interceptors to defend Israel from Iranian missiles. A top Navy admiral told lawmakers on Tuesday that the SM-3s had been depleted at an ...