Raytheon Wins Contract Worth Up To $24.4 Billion For SM-6 Interceptors
Raytheon has secured a five-year contract with two option years, valued up to $24.4 billion, to supply Standard Missile-6 interceptors to the U.S. Navy and to raise output of the multi-mission munition.
Raytheon, an RTX business, has been awarded a five-year contract with two additional option years, valued at up to $24.4 billion, for Standard Missile-6 (SM-6) interceptors, the company announced on Oct. 1, 2026. According to Raytheon, the deal significantly increases the availability of a munition that can carry out both offensive strikes and missile defense missions.
The company said the long-term order builds on earlier major agreements between Raytheon and the Department of War, and is meant to guarantee a steady and dependable supply of SM-6s for the U.S. Navy.
Raytheon President Phil Jasper said the multi-mission capability of the SM-6 is vital to the customer and that the company is intensely focused on meeting demand. He said continued investment in operations and facilities is removing constraints and expanding capacity, so that Raytheon can deliver a capability that sailors depend on.
Raytheon said it has invested heavily to keep up with rising demand. The measures include growing its skilled workforce, building stronger partnerships across the defense industrial base and automating production. The company said these efforts are intended to support significantly higher output for both near-term and long-term needs.
Raytheon described the SM-6 as the only combat-proven weapon able to perform anti-air warfare, anti-surface warfare and ballistic missile defense. It said the missile has been successfully fired from various U.S. Navy ship-based platforms and from launchers on land. In the company's words, this gives the fleet a versatile and highly reliable weapon to counter the full range of kinetic threats faced by today's naval forces.