Raytheon Secures $24.4 Billion Defense Contract for SM-6 Missiles

Key Facts

1Raytheon has been awarded a $24.4 billion defense contract for the production of SM-6 missiles.

Raytheon has been awarded a $24.4 billion defense contract for the production of SM-6 missiles. Investing.com reported that the agreement specifically covers the manufacturing of these missile systems as part of ongoing procurement efforts.

The contract award follows recent economic data showing that U.S. durable goods orders remained flat at 0% on September 25, 2026, while orders excluding defense rose by 0.1% on the same date. This massive procurement deal represents a significant revenue driver for the company's long-term defense portfolio.