U.S. Navy reportedly awards RTX Raytheon up to $24.4B for SM-6 production
Reuters reported that the U.S. Navy said it awarded RTX’s Raytheon unit a multiyear contract worth up to $24.4 billion to produce Standard Missile-6 interceptors. The reported contract covers five years and includes two additional option years.
The primary Reuters wire explicitly reports that the U.S. Navy said it awarded RTX’s Raytheon unit a multiyear SM-6 contract, including an up-to-$24.4 billion ceiling, a five-year term, and two option years; this is a forward-looking customer commitment rather than prohibited market-performance commentary. However, the supplied grounding check says the $24.4 billion SM-6 award could not be independently verified and instead points to a different $20.7 billion AMRAAM deal and smaller SM-6 awards, so the description is attributed to Reuters, confidence is reduced, and the amount is not treated as independently confirmed. The event remains a distinct SM-6 procurement storyline, and RTX is the only stakeholder with a direct, explicitly supported exposure; upstream and indirect names are excluded.
The US Navy said on Thursday it had awarded RTX's Raytheon NYSE:RTX unit a multiyear contract worth up to $24.4 billion to produce Standard Missile-6 interceptors for the US Navy, as the Pentagon pushes to replenish munitions stockpiles depleted by conflicts in the Middle East.
The five-year contract, which includes two additional option years, the Navy said, is meant to provide a steady and reliable supply of the SM-6, a missile that can carry out both offensive strikes and missile defense missions.