DTN News: Raytheon Standard Missile-3 Block IB Completes Major Development Milestone

DTN News: Raytheon Standard Missile-3 Block IB Completes Major Development Milestone *Source: DTN News / Raytheon Company (NSI News Source Info) TUCSON, Ariz., - July 14, 2009: The Raytheon Company (NYSE: RTN) Standard Missile-3 Block IB program completed its critical design review. Completing the CDR clears the way for a 2010 flight test and eventual deployment to the Missile Defense Agency's Aegis Ballistic Missile Defense systems. Ballistic Missile Defense Standard Missile-3 is being developed for Aegis Ballistic Missile Defense (BMD) as part of the Missile Defense Agency’s Ballistic Missile Defense System (BMDS). The Aegis BMD system integrates SM-3 with the Aegis Weapon System (AWS) aboard U.S. Navy cruisers to provide an umbrella of protection against short to intermediate-range ballistic missile threats. SM-3 is compatible with the MK 41 Vertical Launching System (VLS) deployed on many U.S. Navy and international surface combatants. SM-3 Block IB offers significant improvements compared with the currently deployed SM-3 Block IA. The upgraded missile features a two-color infrared seeker with advanced signal processing, which enables longer-range target acquisition and enhanced threat discrimination. A new throttleable divert and attitude control system improves SM-3 Block IB flexibility in flight control and reduces cost. "SM-3 Block IB is designed to outpace the evolving ballistic missile threats," said Dr. Taylor W. Lawrence, Raytheon Missile Systems president. "SM-3 Block IA is a mature, proven system that is protecting the U.S. and its allies today." SM-3 is being developed as part of the Missile Defense Agency's sea-based Aegis Ballistic Missile Defense System. The missiles are deployed on U.S. Aegis cruisers and destroyers and Japanese destroyers to defend against short- to intermediate-range ballistic missile threats in the ascent and midcourse phases of flight. Raytheon Company, with 2008 sales of $23.2 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 87 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 a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 73,000 people worldwide.