RTX's Raytheon awarded $333 million contract for SM-6 Block IA production

Rhea-AI Summary

RTX's Raytheon has secured a $333 million contract from the U.S. Navy for the production of Standard Missile-6 (SM-6) Block IA missiles. The SM-6 is a versatile weapon system that provides both offensive and defensive capabilities, supporting anti-air, anti-surface warfare, and sea-based terminal ballistic missile defense in a single solution.

The missile has demonstrated its effectiveness through successful deployments on various U.S. Navy ships, unmanned vessels, and land-based launchers. Notably, in March 2024, it successfully intercepted a medium-range ballistic missile target during the Flight Test Aegis Weapon System exercise.

Production will take place across Raytheon facilities in Tucson, Huntsville, Andover, and Dine, with project completion expected by 2027.

Positive

• Secured significant $333 million U.S. Navy contract
• Successful demonstration of missile capabilities in March 2024
• Multi-purpose capability reducing costs for military customers
• Production spread across multiple facilities with clear timeline to 2027

Negative

• None.

Missile supports anti-air, anti-surface warfare and sea-based terminal ballistic missile defense in one solution

TUCSON, Ariz., Jan. 13, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $333 million contract from the U.S. Navy to produce Standard Missile-6 (SM-6) Block IA missiles.

"SM-6 has a proven performance, and this contract is an important step for providing this urgently needed weapon to our armed forces," said Barbara Borgonovi, president of Naval Power at Raytheon. "Raytheon continues to work closely with our customers to ensure our military has an unfair advantage at sea and to keep our adversaries guessing."

Deployed on U.S. Navy ships, SM-6 delivers a proven, over-the-horizon offensive and defensive capability by leveraging the time-tested Standard Missile airframe and propulsion system. It's the only missile that supports anti-air and anti-surface warfare and sea-based terminal ballistic missile defense in one solution, enabling the U.S. and its allies to cost-effectively increase the offensive might of surface forces.

SM-6 has been successfully fired from various U.S. Navy ships, unmanned vessels, and launchers on land. In March 2024, SM-6 demonstrated its anti-missile capabilities by successfully intercepting a medium-range ballistic missile target at sea during the Flight Test Aegis Weapon System (FTM)-32 exercise.

Production under this contract will be completed at Raytheon facilities in Tucson, Ariz., Huntsville, Ala., Andover, Mass., and Dine, N.M. with expected completion by 2027.

About Raytheon
Raytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies and partners defend their national sovereignty and ensure their security. For more than 100 years, Raytheon has developed new technologies and enhanced existing capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics and missile defense across land, air, sea and space.

About RTX
With more than 185,000 global employees, RTX pushes the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2023 sales of $69 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact corporatepr@rtx.com

 

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SOURCE RTX

FAQ

What is the value of RTX's new SM-6 Block IA missile contract?

RTX's Raytheon was awarded a $333 million contract from the U.S. Navy to produce Standard Missile-6 (SM-6) Block IA missiles.

When will RTX complete the SM-6 Block IA missile production contract?

The production contract is expected to be completed by 2027.

Where will RTX manufacture the SM-6 Block IA missiles?

Production will take place at Raytheon facilities in Tucson, Arizona; Huntsville, Alabama; Andover, Massachusetts; and Dine, New Mexico.

What capabilities does the RTX SM-6 missile system provide?

The SM-6 provides anti-air, anti-surface warfare, and sea-based terminal ballistic missile defense capabilities in one solution.

What was the latest successful test of RTX's SM-6 missile system?

In March 2024, the SM-6 successfully intercepted a medium-range ballistic missile target at sea during the Flight Test Aegis Weapon System (FTM-32) exercise.