The U.S. Navy awards Raytheon an SM-6 production contract worth up to $24.4 billion.
The five-year agreement, with two additional option years, is intended to provide a steadier supply of Standard Missile-6 interceptors.
By TomorrowNews · AI-assisted briefing · Briefing published 2 October 2026
AI-generated illustration — not a photograph of the event. The factory, canisters and ship silhouette are fictional and do not depict a real SM-6 production line. · TomorrowNews / AI-generated illustration
Reuters reported that RTX's Raytheon unit won a multiyear U.S. Navy contract valued at up to $24.4 billion for SM-6 production. The Navy described the weapon as capable of missile-defense and offensive missions.
The award belongs to a broader effort to increase munitions output. Reuters noted that industry executives still see congressional appropriations as a constraint on how quickly suppliers can invest in facilities and components.
Go to the source
This is an original summary, not a republication of the full report.
