US Navy awards Raytheon $24.4 billion contract for SM-6 interceptors

October 2, 2026 at 02:13 AM1 min

This digest was compiled by AI from multiple sources — links to the originals are below.

The US Navy awarded RTX's Raytheon unit a multiyear contract worth up to $24.4 billion to produce Standard Missile-6 interceptors. The five-year deal, with two option years, aims to replenish munitions stockpiles depleted by Middle East conflicts. It follows a $20.7 billion AMRAAM deal and a $58.6 billion Patriot contract awarded earlier this year.

Key Facts

The contract is worth up to $24.4 billion over five years, with two additional option years.
The SM-6 missile can perform both offensive strikes and missile defense missions.
The award follows a $20.7 billion provisional multiyear deal for Raytheon's AMRAAM missiles in late September.
Lockheed Martin received a $58.6 billion Patriot interceptor deal in July.
RTX confirmed the award in a press release distributed by PR Newswire.

Contract Award

The US Navy announced the award on Thursday. The five-year contract includes two additional option years. The Navy said the deal is meant to provide a steady and reliable supply of the SM-6. RTX confirmed the award in a press release distributed by PR Newswire.

Pentagon Stockpile Push

The Pentagon is pushing to replenish munitions stockpiles depleted by conflicts in the Middle East. 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 faster. It follows a $20.7 billion provisional multiyear deal for Raytheon's AMRAAM missiles in late September. Lockheed Martin received a $58.6 billion Patriot interceptor deal in July.

Missile Capabilities

The SM-6 missile can carry out both offensive strikes and missile defense missions. The multiyear award extends revenue duration and production planning for RTX. The contract adds significant backlog visibility and revenue pipeline for the company.