The Pentagon has awarded Raytheon a $24.4 billion contract to increase production of SM-6 missiles, aiming to replenish weapons stockpiles used in the war against Iran. The agreement is set to run for five years, with an option to extend it by a further two years.
SM-6 missile production
The Pentagon describes the SM-6 as a key missile for air defence and for engaging surface targets. The contract is intended to boost production of the weapon as the United States replenishes its stockpiles.
Contract term
- Contract value: $24.4 billion
- Initial term: Five years
- Extension option: Two additional years
