StocksMedium•8 October 2026•
1 min read
RTX Secures $6.34B US Navy Contract for Standard Missile-3 Production
Key Facts
1RTX was awarded a US Navy contract worth up to $6.34 billion for the production of Standard Missile-3 (SM-3) interceptors.
RTX was awarded a US Navy contract worth up to $6.34 billion for the production of Standard Missile-3 (SM-3) interceptors. Seeking Alpha reported that the agreement covers the manufacture and assembly of SM-3 Block IB all-up rounds, with $454.2 million in funding allocated from the fiscal year 2026 budget.
The contract is part of ongoing US missile defense system upgrades and follows a separate large-scale award for SM-6 missiles. RTX continues to strengthen its position as a primary defense contractor, with the total potential value of this latest deal including various options for the US Navy.