Supply Chain
Navy Awards RTX's Raytheon Up to $24.4 Billion for SM-6 Interceptors, With Funding Not Yet Appropriated
The multiyear contract runs five years with two option years, aimed at replenishing stockpiles drawn down by Middle East conflicts. Industry executives told Reuters Congress has not funded it.
PR
By Priya Raghavan
Oct 3, 2026 · 2 min read
The U.S. Navy has awarded RTX's Raytheon unit a multiyear contract worth up to $24.4 billion for Standard Missile-6 interceptors, the company said Thursday evening, in what amounts to the largest missile award in its history.
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PR
Priya Raghavan
Corporate Insider Inc.
Priya Raghavan writes for Corporate Insider Inc.