ImportantRTX
Explain this story: 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.
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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.
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Published Oct 1, 2026, 17:20 ET · on this site +1h 6m