The Navy's top ballistic missile interceptor comes with a heavy price tag, but the US can't afford to go to war without it [Business Insider]
RTX Corporation (RTX)
Company Research
Source: Business Insider
SM-3s are expensive, ranging from $10 to $30 million per missile, and plans for procurement are low. The Standard Missile series could be crucial in a war against China. One of the US Navy's best ballistic missile interceptors, the Standard Missile-3, got a workout in the Middle East this year, eliminating Iranian missiles headed for Israel. These engagements weren't cheap, though. The SM-3 has a heavy price tag, almost $30 million on the high end and almost $10 million on the low end. That's a high cost per intercept, especially if more than one interceptor is fired for each target. In a world of fixed budgets, that cost raises questions about sustainability, both in the moment and in a higher-end fight. Archer Macy, a retired Navy admiral and missile defense expert, told Business Insider this is definitely "a problem" because "you've got a finite amount of money that is appropriated by Congress. So either Congress has to provide more money, or the Navy has to stop buying ot
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