RTX Corporation

News | RTX's Raytheon awarded $24.4 billion multi-year contract for SM-6 interceptors

The U.S. Navy's five-year missile deal with Raytheon is worth up to $24.4 billion.

Raytheon, an RTX business, has secured a multi-year contract with the U.S. Navy for Standard Missile-6 (SM-6) interceptors, valued at up to $24.4 billion. This five-year agreement, with two optional additional years, aims to significantly increase the supply of these critical munitions for both offensive strikes and missile defense. Raytheon has invested in expanding its workforce, strengthening partnerships, and automating production to meet the anticipated higher demand.

RTX leads defense stocks as the top near-term watchlist candidate

RTX Corp (RTX) is identified as the top near-term watchlist candidate among defense stocks due to its strong tactical setup, including reversal potential, positive momentum mix, and fundamental tailwinds like a large backlog and raised 2026 outlook. Despite currently testing daily support and facing "Strong Sell" daily and weekly signals, its deeply oversold RSI and analyst-target upside suggest potential. Other defense stocks like Leonardo DRS, Lockheed Martin, General Dynamics, and Northrop Grumman are also mentioned but present weaker tactical setups or stronger downtrends.

Pentagon Awards Raytheon Up to $20.7 Billion Deal to Ramp Up AMRAAM Missile Production Amid Stockpile Crunch

The Pentagon has awarded RTX subsidiary Raytheon a contract worth up to $20.7 billion to accelerate the production of Advanced Medium-Range Air-to-Air Missiles (AMRAAM). This move addresses concerns about dwindling U.S. missile stockpiles, which have been depleted due to conflicts and aid to allies. Raytheon had previously aimed to nearly double AMRAAM production, and this new deal is part of the Pentagon’s "Arsenal of Freedom" initiative to replenish essential munitions.

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