An exact analysis is carried out to study interaction of a time-harmonic plane progressive sound field with a radially inhomogeneous thick-walled elastic isotropic spherical shell suspended in and filled with compressible ideal fluid mediums. Using the laminated approximation method, a modal state equation with variable coefficients is set up in terms of appropriate displacement and stress functions and their spherical harmonics. Taylor’s expansion theorem is then employed to obtain the solution to the modal state equation ultimately leading to calculation of a global transfer matrix. Numerical example is given for a water-submerged/air-filled Aluminum/Zirconia elastic spherical sandwich shell containing a functionally graded interlayer and subjected to an incident progressive plane sound wave. The mechanical properties of the interlayer are assumed to vary smoothly and continuously across the thickness with the change of volume concentration of its constituents. The effect of incident wave frequency, thickness and compositional gradient of the interlayer on the form function amplitude and the average radiation force acting on the composite shell are examined. Limiting cases are considered and fair agreements with well-known solutions are established.