StocksMedium•1 October 2026•
1 min read
US Navy Awards Raytheon $24.4B Contract for SM-6 Missiles
Key Facts
1Raytheon secured a $24.4 billion contract from the US Navy for the production of Standard Missile-6 interceptors.
2The contract spans an initial five-year term with options for two additional years.
Raytheon secured a $24.4 billion contract from the US Navy for the production of Standard Missile-6 interceptors. The Wall Street Journal reported that the agreement spans an initial five-year term with options for two additional years.
The massive award follows economic data showing resilience in manufacturing, as US Durable Goods Orders excluding defense rose 0.1% on September 25, 2026. The contract ensures the continued production and supply of advanced missile defense systems over a multi-year period.