The agreement spans five years with two optional extension years. Inventory for the SM-6 dropped from approximately 1,160 prior to the war to between 790 and 970 by April, according to CSIS. The Congressional Budget Office warned that interceptor stocks will remain low for several years, meaning the fleet may have limited capacity if bombing resumes in late November.
Tuesday, October 20, 2026
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US Navy Awards Raytheon $24.4B for SM-6 Missile Stockpiles
Business19 days ago
RTX won a deal to boost production of anti-air and anti-surface weapons after warships depleted their reserves during hostilities with Iran. Under the contract worth up to $24.4 billion, the company will accelerate the manufacture of Standard Missile-6 interceptors for the US Navy. These munitions are the primary tools used by the fleet to neutralize incoming drones and missiles.
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