RTX’s Raytheon unit won a multiyear contract worth up to $24.4 billion to produce Standard Missile-6 interceptors for the U.S. Navy, the service said on Thursday, as the Pentagon pushes to replenish munitions stockpiles depleted by conflicts in the Middle East.
The five-year contract, which includes two additional option years, the Navy said, is meant to provide a steady and reliable supply of the SM-6, a missile that can carry out both offensive strikes and missile defense missions.
The SM-6 award is the latest in a series of large munitions contracts the Pentagon has pursued this year to pressure contractors into ramping up output.
It follows a $20.7 billion provisional multiyear deal for Raytheon’s AMRAAM air-to-air missiles in late September and a $58.6 billion Patriot interceptor deal awarded to Lockheed Martin in July.
The production agreements are designed to entice contractors to move faster while surging production. They are part of a broader push by the Trump administration to prioritize weapons production over shareholder returns. Industry executives have warned that Congress has not yet appropriated funding for the deals, meaning contractors may be unable to invest at scale in components and facilities until lawmakers act.
by Defense News – US Navy awards RTX’s Raytheon $24.4B for SM-6 missiles amid stockpile concerns
