What Happened
Navy Expands Missile Production For Strike And Defense Missions
The US Navy has awarded RTX’s Raytheon a five-year contract valued at up to $24.4 billion to accelerate SM-6 missile production. The agreement supports a weapon used for air defense, surface strikes, and ballistic missile defense. The Navy said the multiyear commitment gives manufacturers the demand stability needed to expand capacity and strengthen supply chains. The contract was first reported by Defence Industry Europe.