Raytheon Wins $580M SM-2 Missile Contract from S.Korea, Taiwan, 6 Others

The U.S. Department of Defense announced a contract valued nearly $580 million to procure Standard Missile-2 (SM-2) production requirements for eight countries including South Korea and Taiwan.

This modification contract covers procurement of SM-2 production requirements including all up rounds, instrumentation kits, engineering services and spares; and to definitize the long-lead-material undefinitized contract action in support of the Navy and the governments of Korea, Denmark, Taiwan, Netherlands, Spain, Chile, Japan and German, a U.S. DoD release today said.

The SM-2 missile chases threats closer to the water's surface, defending against anti-ship missiles and aircraft out to 90 nautical miles.

The SM-2 variants (Block IIIA and IIIB) include radar seeker technologies in continuous wave and interrupted continuous wave guidance modes, tail controls and solid rocket motor propulsion to engage high-speed maneuvering threats and updated radar targeting and directional warheads. 

Block IIIB enhances its predecessor’s capabilities by adding autonomous infrared acquisition. The U.S. Navy plans to use this variant through 2035.