US Navy awards Raytheon SM-6 contract worth up to $24.4bn

The U.S. Navy awarded Raytheon a $25B contract for SM-6 missile interceptors over 7 years. The deal aims to replenish depleted stockpiles, with funding pending congressional approval. The SM-6 is used for anti-air and anti-ship warfare. The Army also plans a $59B Patriot interceptor deal and is investing in new antiship missiles.

RTX's Raytheon secured a $24.4B contract for SM-6 interceptors, spanning five years with two option years. The deal ensures consistent supply for the U.S. Navy, supporting offensive and defensive missions. Raytheon plans to expand production capacity and workforce to meet demand. RTX reported $88B in 2025 sales.

The U.S. Navy signed a $24.4B contract with RTX subsidiary Raytheon for SM-6 interceptor missiles, with a 5-year term and 2-year extension option. The deal aims to ensure stable supply of the multi-role missile, which counters aircraft, surface targets, and ballistic missiles. Raytheon plans to expand production capacity. Congress has not yet approved funding, which may impact investments.

RTX's Raytheon unit received a $24.4B US Navy contract for SM-6 missile production over 5-7 years. The deal aims to boost supply and defend against threats. RTX expects stable production and cost savings. Annual targets exceed 500 missiles, but specifics are unclear. A separate $333M contract for SM-6 Block IA missiles was awarded earlier.

Raytheon, an RTX business, secured a potential $24.4B U.S. contract to produce SM-6 missiles over five years, with two option years. The SM-6 missile supports multiple missions, including air defense and surface target engagement. Raytheon plans to increase production capacity to meet demand, investing in facilities and automation. The contract highlights the Navy's need for versatile interceptors and Raytheon's role in expanding missile production.

The Pentagon and US Navy awarded a $24.4B contract to Raytheon, an RTX business, to accelerate SM-6 missile production. The five-year deal, with two option years, aims to increase output, reduce costs, and replenish stockpiles. Officials emphasized the importance for national defense and warfighter readiness.