US Navy Awards Raytheon $24.4 Billion SM-6 Missile Contract Amid Stockpile Concerns
The US Navy has awarded RTX’s Raytheon a multiyear contract worth up to $24.4 billion to accelerate production of Standard Missile-6 interceptors, as Washington works to rebuild inventories of critical munitions. The agreement covers an initial five-year period and includes two additional option years. The Navy says the long-term arrangement is intended to give Raytheon…