Pentagon Awards Framework Deals for Standard Missile-3 Production

The US Department of Defense has unveiled long-term framework agreements with Boeing and RTX to increase production of key components for the Standard Missile-3 (SM-3). The SM-3 is a critical component in the US military's missile defense system.

The Pentagon aims to expand its use of framework agreements to boost production of in-demand munitions. Framework agreements allow companies to receive funding and production commitments from the government over an extended period, typically several years.

The SM-3 is used by the US Navy to defend against ballistic missile threats. The missile's components are manufactured by various contractors, including Boeing and RTX, under long-term framework agreements.