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RTX's Raytheon wins up to $24.4B Navy contract for SM-6 interceptors

WSJ+2 ·
RTX
RTX's Raytheon wins up to $24.4B Navy contract for SM-6 interceptors
  • Raytheon, an RTX business, was awarded a U.S. Navy contract valued at up to $24.4 billion to supply Standard Missile-6 interceptors.
  • The contract runs for an initial five years and contains two additional option years.
  • The deal is intended to support a more consistent supply of SM-6 missiles for the U.S. Navy as demand rises.
  • Raytheon said it has invested heavily to keep pace with rising demand.

Quotes

“Raytheon said it was awarded a contract valued at up to $24.4 billion to supply Standard Missile-6 interceptors to the U.S. Navy.”— Raytheon
“Raytheon, an RTX (NYSE: RTX) business, has secured a five-year contract, with two additional option years, valued up to $24.4 billion for Standard Missile-6 (SM-6)”— Raytheon

Sources