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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Raytheon awarded $24.4 billion multi-year contract for SM-6 interceptors
Raytheon has secured a five-year contract, with two additional option years, valued up to $24.4 billion for Standard Missile-6 (SM-6) interceptors, significantly increasing the availability of a critical munition able to conduct both offensive strikes and missile defense missions. Raytheon press release Building on landmark agreements between Raytheon and the Department of War, this long-term order ensures ...
The U.S. Navy reported a $24.4 billion contract with RTX Corp., which provides for the production of Standard Missile-6 (SM-6) missiles to equip warships of the United States Navy.
Missiles are a "vital munitions for anti-aircraft and anti-surface warfare. This five-year agreement, with two additional optional years, will allow faster production," the Pentagon said in a statement. "The agreement provides the defence industry with the long-term predictability needed to expand the workforce's capacity and secure critical supply chains," he added. President Donald Trump has so far ignored questions about the strong impact the…
RTX's Raytheon Awarded $24.4B Missile Contract as Trump Finally Admits Stockpiles "A Little Bit Lower"
RTX's Raytheon Awarded $24.4B Missile Contract as Trump Finally Admits Stockpiles "A Little Bit Lower" The Pentagon on Thursday announced a massive new defense contract at a moment many Congressional members are concerned over America's dwindling arsenal of both defensive and offensive missiles and weapons systems. Raytheon, an RTX unit, has been awarded a $24.4 billion contract for the accelerated production of SM-6 missiles, amid the scramble …
RTX Division Raytheon Secures $24.4 Billion SM-6 Interceptor Contract To Boost U.S. Navy Missile Defense Capacity
Raytheon, an RTX (NYSE: RTX) business, has been awarded a five-year contract, with two additional option years, valued at up to $24.4 billion for Standard Missile-6 interceptors. The contract significantly increases the availability of a critical munition capable of conducting both offensive strikes and missile defense missions for the U.S. Navy. Building on prior agreements […]
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