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US Navy Awards Raytheon $24.4 Billion to Boost Standard Missile-6 Production
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News18•02-10-2026, 08:15
US Navy Awards Raytheon $24.4 Billion to Boost Standard Missile-6 Production
- •The US Navy awarded Raytheon a contract worth up to $24.4 billion to accelerate the production of Standard Missile-6 (SM-6) interceptors.
- •This five-year contract, with two optional years, aims to increase manufacturing rates and provide long-term clarity for defense sector expansion.
- •The SM-6 is a versatile, multi-role munition used for anti-aircraft, anti-surface, and missile defense operations.
- •The agreement is part of a broader Pentagon initiative to scale up critical munition production, bolster defense reserves, and achieve financial efficiencies.
- •Raytheon is investing in infrastructure, workforce, and automated processes to meet the increased demand for SM-6 interceptors, which are vital for global maritime superiority.
Key Questions Answered
The US Navy secured a five-year contract with Raytheon valued at up to USD 24.4 billion, which features a pair of supplementary option years to accelerate manufacturing rates for Standard Missile-6 interceptors.
The Standard Missile-6 serves as a versatile, multi-role munition deployed across anti-aircraft operations, anti-surface engagements, and missile defence tasks, with utility for both offensive strikes and missile-defense operations from naval surface vessels or shore-based platforms.
Earlier in the week, the Pentagon disclosed a multi-year arrangement reaching up to USD 20.7 billion aimed at expediting the production of Advanced Medium-Range Air-to-Air Missiles, known as AMRAAMs.
