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Navy Awards Raytheon $24.4B SM-6 Contract as Pentagon Races to Rebuild Missile Stockpiles
Key Takeaways
- RTX's Raytheon won a multiyear contract worth up to $24.4 billion to produce SM-6 interceptors for the U.S. Navy.
- The contract runs five years and includes two additional option years, aimed at ensuring a steady supply.
- The award is the latest in a series of large munitions deals, following a $20.7 billion AMRAAM provisional multiyear deal and a $58.6 billion Patriot award to Lockheed Martin.
- Raytheon says the SM-6 is the only combat-proven weapon able to perform anti-air warfare, anti-surface warfare and ballistic missile defense, fired from ships and land-based launchers.
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DT Editorial Team··via defensenews.com