00:30 GMT +322 October 2017
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    An interceptor missile is fired from the US Navy Aegis cruiser USS Lake Erie, some 200 miles out at sea from Kauai, Hawaii

    Raytheon Receives Over $652Mln to Provide US Navy, Allies With Aegis Missiles

    © AFP 2017/ US NAVY
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    The US Department of Defense announced that Raytheon has been awarded a more than $652-million cumulative contract to provide the US Navy and allied navies with the Standard Missile-2 used as part of the AEGIS missile and air defense system.

    WASHINGTON (Sputnik) — Raytheon has been awarded a more than $652-million cumulative contract to provide the US Navy and allied navies with the Standard Missile-2 used as part of the AEGIS missile and air defense system, the US Department of Defense announced in a press release.

    "Raytheon Missile Systems is being awarded a $617,633,351 fixed-price-incentive firm, firm-fixed-price and cost-plus-fixed-fee contract for procurement of fiscal 2017 Standard Missile-2 full-rate production requirements and spares for US and Allied Foreign Navies," the release said on Friday. "The cumulative value of the contract, if all options are exercised, is $652,778,666."

    The Defense Department stated the contract includes foreign military sales to Japan, Australia, Netherlands and South Korea.

    The Standard Missile 2 is the Navy's primary surface-to-air defense weapon and an integral part of the AEGIS weapon system carried on board Ticonderoga-class cruisers, Arleigh Burke-class destroyers and equivalent foreign navy warships.

    The Standard Missile-2 is deployed for fleet area air defense and ship self-defense, according to the Defense Department.

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    Tags:
    Aegis Ballistic Missile Defense, Raytheon, United States
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