Business Wire
BusinessEli Lilly to buy Merida Biosciences for $2.88 billion, setting off investor focus on the deal’s strategic fitThe Apex TimesBusinessApple says it has evidence a former employee destroyed material after learning of an investigationThe Apex TimesBusinessTelecom comparison turns on profitability pace versus leverage: AT&T’s margin jump, Verizon’s debt loadThe Apex TimesBusinessAnthropic agrees to a $35 billion cloud computing deal tied to Nvidia-backed Lambda, report saysThe Apex TimesBusinessAMD has tended to fall in September, but market history is only part of the storyThe Apex TimesBusinessDuolingo shares jump after results point to steady user momentum, according to Yahoo FinanceThe Apex TimesBusinessNetflix confirms production of Korean series “Materesa (WT),” led by “Queen of Tears” director and writers behind “The East Palace”The Apex TimesBusinessFTC and 22 States Sue Amazon, Alleging It Secretly Marked Up Ads Shown to Marketplace SellersThe Apex TimesBusinessDeere shares gained as market focused on a jump in profitsThe Apex TimesBusinessBaird lifts Deere to Outperform, citing potential agricultural recovery and raises target to $800The Apex TimesBusinessVenezuela’s energy reopening talks could create upside for Chevron and GE Vernova, but agreements still face major hurdlesThe Apex TimesBusinessTrump Says ExxonMobil Is Preparing to Re-enter Venezuela as Investment Outlook ShiftsThe Apex TimesBusinessEli Lilly to buy Merida Biosciences for $2.88 billion, setting off investor focus on the deal’s strategic fitThe Apex TimesBusinessApple says it has evidence a former employee destroyed material after learning of an investigationThe Apex TimesBusinessTelecom comparison turns on profitability pace versus leverage: AT&T’s margin jump, Verizon’s debt loadThe Apex TimesBusinessAnthropic agrees to a $35 billion cloud computing deal tied to Nvidia-backed Lambda, report saysThe Apex TimesBusinessAMD has tended to fall in September, but market history is only part of the storyThe Apex TimesBusinessDuolingo shares jump after results point to steady user momentum, according to Yahoo FinanceThe Apex TimesBusinessNetflix confirms production of Korean series “Materesa (WT),” led by “Queen of Tears” director and writers behind “The East Palace”The Apex TimesBusinessFTC and 22 States Sue Amazon, Alleging It Secretly Marked Up Ads Shown to Marketplace SellersThe Apex TimesBusinessDeere shares gained as market focused on a jump in profitsThe Apex TimesBusinessBaird lifts Deere to Outperform, citing potential agricultural recovery and raises target to $800The Apex TimesBusinessVenezuela’s energy reopening talks could create upside for Chevron and GE Vernova, but agreements still face major hurdlesThe Apex TimesBusinessTrump Says ExxonMobil Is Preparing to Re-enter Venezuela as Investment Outlook ShiftsThe Apex TimesBusinessEli Lilly to buy Merida Biosciences for $2.88 billion, setting off investor focus on the deal’s strategic fitThe Apex TimesBusinessApple says it has evidence a former employee destroyed material after learning of an investigationThe Apex TimesBusinessTelecom comparison turns on profitability pace versus leverage: AT&T’s margin jump, Verizon’s debt loadThe Apex TimesBusinessAnthropic agrees to a $35 billion cloud computing deal tied to Nvidia-backed Lambda, report saysThe Apex TimesBusinessAMD has tended to fall in September, but market history is only part of the storyThe Apex TimesBusinessDuolingo shares jump after results point to steady user momentum, according to Yahoo FinanceThe Apex TimesBusinessNetflix confirms production of Korean series “Materesa (WT),” led by “Queen of Tears” director and writers behind “The East Palace”The Apex TimesBusinessFTC and 22 States Sue Amazon, Alleging It Secretly Marked Up Ads Shown to Marketplace SellersThe Apex TimesBusinessDeere shares gained as market focused on a jump in profitsThe Apex TimesBusinessBaird lifts Deere to Outperform, citing potential agricultural recovery and raises target to $800The Apex TimesBusinessVenezuela’s energy reopening talks could create upside for Chevron and GE Vernova, but agreements still face major hurdlesThe Apex TimesBusinessTrump Says ExxonMobil Is Preparing to Re-enter Venezuela as Investment Outlook ShiftsThe Apex TimesBusinessEli Lilly to buy Merida Biosciences for $2.88 billion, setting off investor focus on the deal’s strategic fitThe Apex TimesBusinessApple says it has evidence a former employee destroyed material after learning of an investigationThe Apex TimesBusinessTelecom comparison turns on profitability pace versus leverage: AT&T’s margin jump, Verizon’s debt loadThe Apex TimesBusinessAnthropic agrees to a $35 billion cloud computing deal tied to Nvidia-backed Lambda, report saysThe Apex TimesBusinessAMD has tended to fall in September, but market history is only part of the storyThe Apex TimesBusinessDuolingo shares jump after results point to steady user momentum, according to Yahoo FinanceThe Apex TimesBusinessNetflix confirms production of Korean series “Materesa (WT),” led by “Queen of Tears” director and writers behind “The East Palace”The Apex TimesBusinessFTC and 22 States Sue Amazon, Alleging It Secretly Marked Up Ads Shown to Marketplace SellersThe Apex TimesBusinessDeere shares gained as market focused on a jump in profitsThe Apex TimesBusinessBaird lifts Deere to Outperform, citing potential agricultural recovery and raises target to $800The Apex TimesBusinessVenezuela’s energy reopening talks could create upside for Chevron and GE Vernova, but agreements still face major hurdlesThe Apex TimesBusinessTrump Says ExxonMobil Is Preparing to Re-enter Venezuela as Investment Outlook ShiftsThe Apex Times
Back to front
Boeing signs seven-year framework deals to scale Standard Missile-3 component production
The Apex Times

THE APEX TIMES

Business/The Apex Times/Aug 14, 8:16 AM EDT

Boeing signs seven-year framework deals to scale Standard Missile-3 component production

The agreements with the U.S. Department of Defense and Raytheon, an RTX business, are intended to increase output of SM-3 avionics and ejector assemblies for missile defense interceptors built for engagements beyond Earth’s atmosphere.

Boeing said it has signed new seven-year framework agreements with the U.S. Department of Defense and Raytheon, an RTX business, aimed at increasing production of critical hardware for the Standard Missile-3 (SM-3) interceptor. The announcement, made in Huntsville, Ala., ties Boeing’s role to components that it says are used to support precise intercepts against missile threats outside Earth’s atmosphere.

Under the agreements, Boeing will increase output of avionics and ejector assemblies for the SM-3 Block IB and Block IIA variants. Boeing described these parts as key to enabling increased production of the interceptors that make up a core element of the United States’ sea-based missile defense posture, deployed at home and abroad.

Boeing framed the deals as a demand and production planning announcement that allows it to ramp work ahead of a follow-on, multi-year contract that the parties said they are negotiating under the framework terms. The company did not provide contract dollar values, a schedule for deliveries, or specific production targets in the announcement.

Bob Ciesla, vice president of Boeing Precision Engagement Systems, said the framework creates a clearer announcement for Boeing to build and deliver SM-3 interceptors at levels needed to counter threats. He also characterized the SM-3 as an essential part of a layered air and missile defense architecture used to protect the U.S. and allied countries.

The framework agreements position Boeing to work within a broader SM-3 production and integration ecosystem that includes the DoD, Raytheon, and SM-3 prime contractor responsibilities. Boeing said the company, the DoD and Raytheon will ramp up production ahead of the later multi-year award, suggesting that the framework is intended to accelerate readiness and continuity as procurement plans develop.

Boeing linked the effort to administration priorities centered on strengthening missile-defense capability and said the move aligns with the Department of Defense’s acquisition approach focused on accelerating delivery of key capabilities to service members. The company also placed the framework in the context of its existing missile-defense work with other primes and programs.

Boeing said the SM-3 framework builds on a prior agreement it has with the DoD and Lockheed Martin to increase production of PAC-3 Missile Segment Enhancement (MSE) seekers. PAC-3 MSE is another family of interceptor components used in ground-based air and missile defense, while “seekers” are the guidance and homing elements that help an interceptor locate and track a target.

Sector context matters because SM-3 and other layered defenses are designed to improve interception performance across a range of threat profiles. Increasing production of avionics and ejector assemblies, as Boeing describes it, reflects the manufacturing effort required not just for the missile itself but also for subsystem readiness, tooling, suppliers, and qualification testing that can constrain how quickly programs scale.

The announcement leaves several practical questions unanswered. Boeing did not disclose the total value of the framework agreements, the number of interceptors or assemblies expected to be produced under the ramp, or the specific timing for the multi-year award that it said is still being negotiated. It also did not describe where the expanded production will occur or whether the company expects additional hiring or supplier changes to meet the output increase.

What to watch next is the negotiation and award of the multi-year contract Boeing referenced, including any details on quantities, delivery schedules, and performance requirements for the SM-3 Block IB and Block IIA variants. Investors and procurement officials will also likely look for how the framework affects overall SM-3 procurement cadence and how it coordinates with other interceptor and seeker production programs discussed by Boeing.

Why It Matters

  • Framework agreements are often used to establish long-range production and supply continuity, which can reduce lead-time risk when procurement ramps for defense programs.
  • Scaling production of SM-3 subsystems such as avionics and ejector assemblies can be a bottleneck for interceptor output, so increasing these lines may affect delivery capacity more broadly.
  • The deals reinforce Boeing’s role in missile defense as part of a layered architecture spanning multiple interceptor families and primes.
  • Because Boeing did not disclose quantities or contract values, the practical impact will likely hinge on the forthcoming multi-year award details.

Sources

Key Facts

  • Boeing said it signed seven-year framework agreements with the U.S. Department of Defense and Raytheon to increase production of critical Standard Missile-3 (SM-3) hardware.
  • Boeing will increase output of SM-3 avionics and ejector assemblies for the Block IB and Block IIA variants.
  • The company said the work supports intercepts of missile threats outside Earth’s atmosphere.
  • Boeing, the DoD, and Raytheon will ramp up production ahead of a multi-year award that the parties said they are negotiating under the frameworks.
  • Boeing described the SM-3 as an essential part of the U.S. sea-based, layered air and missile defense architecture.
  • The company said the SM-3 framework builds on its existing agreement with the DoD and Lockheed Martin to increase production of PAC-3 Missile Segment Enhancement (MSE) seekers.

Defense Related

Aug 31, 8:08 PM EDT
The Apex Times

Deere shares gained as market focused on a jump in profits

Investors appeared to bid up Deere & Company after a market report pointed to sharply higher profit expectations, underscoring how quickly sentiment can turn in farm equipment when earnings outlooks move.

Deere shares gained as market focused on a jump in profits
The Apex Times
Boeing signs seven-year framework deals to scale Standard Missile-3 component production | The Apex Times