RTX wins up to $745.4 million deal for SM-3 Block IIA interceptors, extending ballistic missile interceptor production through 2031

Raytheon, according to the U.S. Department of Defense, won two missile-defense related contracts totaling $1.3 billion. It received $745.4 million for Standard Missile-3 Block IIA rounds and $536 million to modify the TOW Weapon System contract, raising its cumulative value to $750.8 million. Work is set in Tucson and Huntsville, with completion dates through 2031.

The US Pentagon signed a framework deal worth over $3 billion with Lockheed Martin and Northrop Grumman to expand production of Patriot and THAAD interceptor missile parts, citing strained stockpiles amid Iran and Ukraine conflicts. The Pentagon said Patriot output could triple and THAAD quadruple, including a second source for PAC-3 rocket motors. Separate reporting cites a Lockheed contract up to $58.6bn and RTX plans for Tomahawk.

The Pentagon said it signed a framework deal worth over $3 billion with Lockheed Martin and Northrop Grumman to expand production of Patriot and THAAD missile parts. It aims to triple Patriot output and quadruple THAAD, adding a second source for PAC-3 rocket motors and more ignition safety devices. The article also cites a separate Lockheed Patriot contract up to $58.6 billion.

The US Department of Defense signed a contract worth over $3 billion with Lockheed Martin and Northrop Grumman to expand production of Patriot and THAAD missile components, according to the Pentagon. The deal follows a prior order for up to $58.6 billion for Patriot interceptors. The Pentagon says Patriot output can triple and THAAD components can rise fourfold amid low US stockpiles.

Raytheon, a unit of RTX, said it secured more than $5 billion in GEM-T orders as Patriot demand rises and U.S. domestic procurement resumes after 30 years. According to RTX, its defense business won nearly $20 billion in awards in the quarter, with a book-to-bill of 2.4. RTX also cited strong international Patriot demand, with 48% of backlog international.

President Trump said Ukraine would be allowed to manufacture Patriot missile interceptors, announced with Volodymyr Zelensky at a NATO summit. The U.S. has depleted about two-thirds of its pre-war Patriot inventory, and Russia is increasing ballistic missile attacks amid interceptor shortages. The Pentagon cited a contract up to $58.6B for Lockheed Martin to expand Patriot production.