Raytheon Secures $335M for SM-6 Missile Production Expansion
Raytheon has received a $335 million contract from the U.S. Navy to sustain SM-6 missile production through 2030, amid unprecedented demand. The company has invested nearly $900 million in recent years to enhance production capacity across multiple sites to address operational needs and maintain stockpiles.
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On April 24, 2026, the U.S. Navy awarded Raytheon a $335 million contract modification to maintain Standard Missile-6 production, with work slated for completion by May 30, 2030. Raytheon has invested approximately $900 million over the past three years to expand production capabilities in Tucson, Arizona, and Huntsville, Alabama, among other locations, to meet increased demand driven by operational use in missile defense missions.
This contract is vital for ensuring production sustainability and allows Raytheon to stabilize workforce and supply chain investments. The SM-6 missile's versatility in engaging multiple types of threats makes it critical to the Navy’s defense architecture.
The geographical distribution of production reflects a complex supply chain necessary for the missile's components, ensuring resilience and political support across various regions. The production horizon established by this contract facilitates long-term planning and capacity expansion needed for future operational requirements.
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