What Happened
Raytheon Secures Major Defense Contract For Interceptor Missiles
The United States Navy has awarded a multi-year production contract to Raytheon, a subsidiary of RTX, for the Standard Missile-6 (SM-6) interceptor missile. The contract, valued at up to $24.4 billion, covers five years with an additional two-year extension option. The SM-6 is a multi-role interceptor used by the US Navy to engage aircraft, surface targets, and ballistic missiles, forming part of the Navy’s layered air and missile defense architecture. This procurement is linked to the Department of Defense effort to replenish munitions stockpiles, partly depleted by conflicts in the Middle East. The contract was reported by GKToday.