RTX, through its Raytheon business unit, has been awarded a US Navy contract valued at up to US$24.4 billion for increased production of Standard Missile-6 (SM-6) interceptors, the company announced on Thursday, October 1.
The agreement has a five-year firm term and two additional option years. Acting Secretary of the Navy Hung Cao announced the award as part of the service’s efforts to accelerate weapons production.
RTX said the order will increase availability and provide a consistent, reliable supply of the weapon, which can defend against aerial and ballistic missile threats and conduct anti-surface warfare.
The navy said that the award commits procurement over multiple years and that the negotiated long-term deal would give industry stable, predictable conditions to expand output, while also generating cost savings.
“Combat credibility depends on having enough weapons, produced at the speed and scale the fleet requires,” said Admiral Daryl Caudle, Chief of Naval Operations. “This SM-6 award gives industry the demand signal and stability to expand production, strengthen the munitions industrial base, and build the magazine depth our fleet needs.”
RTX said the new order builds on five framework agreements announced with the Department of War in February 2026. Those frameworks set an annual SM-6 production target of more than 500 missiles, while quantities and delivery schedules for the October contract remain unspecified.
Raytheon also received a separate US$333 million US Navy contract for SM-6 Block IA missiles in January 2025. Production under that earlier award had been scheduled for completion in 2027.
US Navy surface combatants fired 80 SM-6 missiles between October 2023 and January 2025 while countering attacks on shipping by Yemen’s Iran-backed Houthi terror group, Vice Admiral Brendan McLane, then head of Naval Surface Forces, told a Surface Navy Association conference in January 2025.