The Navy gave Raytheon Co. a $142 million contract to produce Standard Missile-2 (SM-2) assets.

Raytheon will provide 75 Block IIIB missiles, 80 Block IIIB conversion kits, telemeters, spare parts, rocket motors and missile maintenance support.
The SM-2 Block IIIB, which entered the fleet in 1998, incorporates a side-mounted infrared seeker to aid in endgame guidance.
Standard Missile has been the primary Navy surface-to-air fleet air defense weapon for more than three decades.
It is the most technically advanced and the most capable air defense missile in the world, according to Raytheon.
SM-2 is operational on Navy guided missile cruisers, destroyers and frigates, and also is in operation with 13 allied navies.