# Navy Awards $24.4B SM-6 Contract

On October 9, 2026, the U.S. Navy awarded Raytheon a $24.4 billion multiyear contract to produce SM-6 interceptor missiles. The contract has a five-year base period and two one-year options, supporting larger missile inventories and expanded production capacity. The signal notes that Congress has not yet fully appropriated funding for the purchases; production is reported to be targeting roughly 500 missiles annually as output ramps up.

- Suppliers can assess Raytheon’s supply-chain requirements for potential opportunities tied to increased SM-6 production.
- The contract’s options and the funding gap are relevant to suppliers’ capacity and business planning; the award value should not be assumed to mean all purchases are fully funded.

**Jurisdictions:** federal
**Industries:** Defense & Military
**Published:** October 09, 2026

### Government Entities
- U.S. Navy (USN)
- U.S. Department of Defense (DoD)

### Vendors
- Raytheon (prime contractor)

### Sources
- [U.S. Navy Awards Raytheon $24.4 Billion SM-6 Missile Contract](https://www.overtdefense.com/2026/10/09/u-s-navy-awards-raytheon-24-4-billion-sm-6-missile-contract) - Overt Defense -