A major missile defense contract tied to Huntsville has more than tripled in value, underscoring the region’s growing role in national security.
The Missile Defense Agency has awarded Raytheon an $8.4 billion ceiling increase to an existing contract supporting the Standard Missile-3 program.
The modification raises the total potential value of the contract from about $3.3 billion to more than $11.7 billion. The work includes sustaining engineering and product support services for multiple variants of the SM-3 interceptor, a key system used to defend against ballistic missile threats…