The U.S. Navy has awarded Raytheon a multi-year contract valued up to $24.4 billion for Standard Missile-6 (SM-6) interceptors, the company announced. The deal covers a five-year contract with two additional option years and is intended to ensure a consistent supply of the missile for the Navy.
Raytheon said the long-term order builds on earlier agreements between the company and the Department of War.
Raytheon President Phil Jasper said the company is focused on meeting demand for the missile.
“SM-6’s multi-mission capability is vital to our customer, and Raytheon is intensely focused on meeting the demand,” Jasper said. “By continuously investing in our operations and facilities, we are removing constraints and boosting capacity to ensure we deliver this critical capability our sailors depend on.”
To keep pace with rising demand, Raytheon said it has invested in its workforce, built stronger partnerships across the defense industrial base, and automated production. These combined efforts are intended to support significantly higher output for near and long-term needs.
The SM-6 is the only combat-proven weapon that can perform anti-air warfare, anti-surface warfare, and ballistic missile defense, according to Raytheon. It has been fired from various U.S. Navy ship-based platforms and launchers on land.
Sources: USNI News · DVIDS News