This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

US Navy Deploys Standard Missile-3 Block IB For First Time

TUCSON, Ariz., April 23, 2014 /PRNewswire/ -- In partnership with the Missile Defense Agency, the U.S. Navy deployed the second-generation Standard Missile-3 Block IB made by Raytheon Company (NYSE: RTN) for the first time, initiating the second phase of the Phased Adaptive Approach.

"The SM-3 Block IB's completion of initial operational testing last year set the stage for a rapid deployment to theater," said Dr. Taylor W. Lawrence, president of Raytheon Missile Systems. "The SM-3's highly successful test performance gives combatant commanders around the world the confidence they need to counter the growing ballistic missile threat."

In 2009, the administration announced the U.S.'s decision to adopt a new, more flexible approach to missile defense of both the U.S. and Europe. The Phased Adaptive Approach (PAA) Phase 1 began in March 2011 when the USS Monterey deployed carrying SM-3 Block IAs.

"The SM-3 program's evolution speaks to the importance of harnessing past successes to deliver increasingly capable systems to our customers, while reducing costs and delivery timelines," said Dr. Mitch Stevison, Raytheon's Standard Missile-3 program director.

In Oct. 2013, ground broke in Romania on the first operational Aegis Ashore site, which will be capable of launching SM-3 Block IAs, IBs and IIAs. The site continues on track for 2015 deployment as part of PAA Phase 2. Along with deployed Aegis Ballistic Missile Defense ships, Romania's Aegis Ashore site will provide additional ballistic missile coverage of NATO countries. The first Aegis Ashore test with the SM-3 Block IB and upgraded Aegis BMD Weapons System will take place this year at the Pacific Missile Range Facility, Kauai, Hawaii.

About the Standard Missile-3 SM-3s destroy incoming ballistic missile threats in space using nothing more than sheer impact, which is equivalent to a 10-ton truck traveling at 600 mph.

  • The program has completed 26 successful intercepts in space.
  • More than 180 SM-3s have been delivered to the U.S. and Japan to date.
  • SM-3 Block IB will be deployed ashore in 2015 in Romania.
  • SM-3 Block IIA, co-developed with our Japanese partners, will have 21 inch 2 nd and 3 rd stage rocket motors and a larger, more capable kinetic warhead B

Standard Missile-3 2013 Year-in-Review

Feb.—SM-3 Block IA destroys medium-range ballistic missile target using remote satellite track information

March—Raytheon's dual-band datalink tested with Thales radar

May—SM-3 Block IB destroys complex, separating ballistic missile target

June-- Raytheon delivers first SM-3 from its new Alabama missile integration facility

Sept-- SM-3 Block IA destroys medium-range ballistic missile target during operational test

Sept— US Navy launches two SM-3 Block IBs against single ballistic missile target; target destroyed

Oct.—SM-3 Block IB destroys medium range ballistic missile target; completes initial operational testing

Oct.—SM-3 Block IIA completes critical design review and Propulsion Test Vehicle-01; program moves from design to build

About Raytheon  Raytheon Company, with 2013 sales of $24 billion and 63,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 92 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as cyber security and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at  www.raytheon.com and follow us on Twitter @Raytheon.

Media Contacts Heather Uberuaga +1.520.891.8421

rmspr@raytheon.com

SOURCE Raytheon Company

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,076.27 +64.33 0.36%
S&P 500 2,114.07 +4.47 0.21%
NASDAQ 5,099.2310 +22.7070 0.45%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs