Raytheon Co., Tucson, Arizona, was awarded a $258,742,330 cost-plus-incentive-fee contract for the engineering, manufacturing, and development of the Standard Missile 2 (SM-2) Block IIICU All Up Round. This contract includes options which, if exercised, would bring the cumulative value of this contract to $263,137,090. Work will be performed in... and is expected to be completed by September 2031. Fiscal 2025 research, development, test and evaluation (Navy) funds in the amount of $52,054,849 (65%); Foreign Military Sales (Canada) funds in the amount of $18,473,766 (23%); and fiscal 2024 research, development, test and evaluation (Navy) funds in the amount of $9,071,456 (11%), were obligated at time of award, of which $9,071,456 will expire at the end of the current fiscal year. Naval Sea Systems Command, Washington, D.C., is the contracting activity (N00024-25-C-5413). (Awarded on July 31, 2025)