Raytheon wins up to $24.4 billion multi‑year contract to supply SM‑6 interceptors to the U.S. Navy
RTX’s Raytheon business was awarded a five‑year contract, with two optional extension years, valued at up to $24.4 billion to produce Standard Missile‑6 interceptors for the U.S. Navy. The deal was announced on Oct. 1, 2026 and includes plans to expand workforce and production capacity. Raytheon President Phil Jasper said the contract secures a reliable supply of the multi‑mission missile. RTX reported 2025 sales of more than $88 billion.
Why it matters
The company expects the contract to provide a long‑term revenue stream and strengthen its defense backlog, which could improve quarterly earnings (the press release notes a potential impact on financial performance).
Key facts
- 1Raytheon secured a five‑year contract with two additional option years, valued up to $24.4 billion for SM‑6 interceptors. prnewswire.com
- 2The contract is for the U.S. Navy to supply Standard Missile‑6 missiles. prnewswire.com
- 3Raytheon President Phil Jasper said the company is investing in workforce, partnerships and automation to meet demand. prnewswire.com
- 4RTX reported 2025 sales exceeding $88 billion. investing.com
Summary written by AlphAI from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.