US Navy Awards Raytheon Up To $24.4 Billion SM-6 Contract
The five-year deal includes two option years and is intended to stabilize supply, expand capacity and replenish stocks depleted by Middle East conflicts.
- On Thursday, the Navy awarded RTX's Raytheon unit a multiyear contract worth up to $24.4 billion to produce Standard Missile-6 interceptors for replenishing munitions stockpiles depleted by conflicts in the Middle East.
- The Pentagon is pursuing a series of large munitions contracts this year to pressure contractors into ramping up output faster and address urgent defense needs.
- This five-year contract includes two additional option years to ensure steady SM-6 supply. It follows a $20.7 billion provisional deal for AMRAAM missiles in late September and a $58.6 billion Patriot interceptor award to Lockheed Martin in July.
- Raytheon has invested in workforce expansion and automation to meet rising demand, as these agreements reflect a broader push by Trump to prioritize domestic weapons production over shareholder returns.
- Industry executives warn that Congress has not yet appropriated funding for these deals, leaving contractors unable to invest at scale in facilities or components until lawmakers act.
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58 Articles
Navy Awards Raytheon up to $24.4 Billion for Standard Missile-6
U.S. Marines managed local airspace as the U.S. Army’s 3rd Multi-Domain Task Force conducted live-fire exercise, successfully sinking a maritime target with a Standard Missile-6 during Exercise Talisman Sabre 25 in the Northern Territory, Australia, on July 16, 2025. (U.S. Marine Corps photo by Sgt. Brian A. Stippey)
U.S. in mega deal to build more long-range anti-air missiles
The U.S. Navy has awarded Raytheon a five-year contract worth up to $24.4 billion to accelerate production of the Standard Missile-6, its principal long-range anti-air and anti-surface weapon. The post U.S. in mega deal to build more long-range anti-air missiles first appeared on UK Defence Journal.
The US Navy signed a multi-year production contract with Raytheon on October 1, worth up to $24.4 billion, to significantly expand production of SM-6 surface-to-air missiles. The agreement aims to permanently increase annual production to more than 500 units, which is four times the previous rate, Army Recognition reported.
The agreement "provides the defence industry with the long-term predictability necessary to expand labour capacity and ensure critical supply chains," according to the Pentagon.
The U.S. Navy has signed a $24.4 billion contract to accelerate production of air defense and air defense missiles The U.S. Navy and Raytheon have signed a five-year deal up to $24.4 billion to produce <p>SM-6 missiles. The contract can be extended for another two years.</p>
The American company Raytheon has received a contract worth up to $24.4 billion to supply Standard Missile-6 interceptor missiles for the US Navy. The arms manufacturer will supply the US Navy with Standard Missile-6 interceptor missiles as part of a major new agreement. The deal is estimated at $24.4 billion, writes The Wall Street Journal. The companies clarified that the initial term of the missile production contract is five years. At the sa…
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