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Standard Missile

Category: Procurement • Line Item: 2234 • FY25 Budget Request: $883.0M

Overview

Budget Account
1507N - Weapons Procurement, Navy
Budget Activity
02 - Other missiles
Previous Year
Description
The Standard Missile program, part of the Navy's tactical missile procurement activities, focuses on enhancing air defense capabilities by acquiring SM-6 Block I/IA/IB variants. These missiles are designed for extended range engagement against various aerial threats, including manned and unmanned aircraft and cruise missiles. The program aims to protect U.S. forces and allies by equipping AEGIS cruisers and destroyers with advanced air defense systems.

A primary goal of the Standard Missile program is to implement a Multiyear Procurement (MYP) strategy for the SM-6 Block IA variant from FY 2024 to FY 2028. This strategy seeks cost efficiencies through Economic Order Quantity (EOQ) financing, enabling bulk purchasing of components like the MK72 Booster and MK104 Dual Thrust Rocket Motors. The MYP approach is anticipated to yield significant savings over single-year procurement methods.

To address production challenges, the program invests in special tooling and test equipment to increase production capacity. By FY 2028, the aim is to produce up to 300 SM-6 missiles annually. Additionally, advance procurement funding is allocated for long lead time items necessary to maintain production schedules and support future delivery requirements.

The Standard Missile program strives to enhance national defense capabilities while optimizing procurement processes through strategic investments and multiyear contracting strategies. This ensures that U.S. naval forces remain equipped with cutting-edge technology to counter evolving threats in various operational theaters.
Budget Trend

Standard Missile Procurement Programs (2234) budget history and request


Interactive stacked bar chart for exploring the Standard Missile budget
Interactive line chart for exploring the Standard Missile budget
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Enacted Requested Forecasted Forecasted Forecasted Forecasted
$300,185,000 $404,464,000 $417,252,000 $491,212,000 $491,260,000 $741,576,000 $598,044,000 $552,820,000 $606,028,000 $489,123,000 $1,424,165,000 $883,046,000 $884,772,000 $969,130,000 $1,295,945,000 $1,309,241,000

Interactive stacked bar chart for exploring the Standard Missile procurement
Interactive line chart for exploring the Standard Missile procurement
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Enacted Requested Forecasted Forecasted Forecasted Forecasted
93 100 101 125 125 125 125 125 125 250 250 280 350 430 600 300
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FY2025 Defense Budget Detail

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FY2025 Budget Released: 03/09/24