Monitor upcoming quarterly filings for backlog growth and segment margin expansion as production ramps. The contract's size and duration provide multi-year visibility, but execution on capacity expansion and cost control will determine margin outcomes.
Price Chart
Executive Summary
Raytheon, an RTX business, secured a five-year contract (with two option years) valued up to $24.4 billion for SM-6 interceptors from the U.S. Department of War. This multi-year award significantly boosts production of a combat-proven multi-mission missile, providing long-term revenue visibility for RTX's defense segment.
Key Financial Metrics
Key Facts
- Contract valued up to $24.4 billion for SM-6 interceptors
- Five-year base period with two additional option years
- SM-6 is the only combat-proven weapon performing anti-air, anti-surface, and ballistic missile defense
- Raytheon has invested in workforce, partnerships, and automation to increase production capacity
- RTX reported 2025 sales of more than $88 billion
Financial Impact
$24.4 billion maximum contract value over up to 7 years; represents a material multi-year revenue stream for RTX's defense segment
Risk Factors
- Execution risk in scaling production to meet the contract's demand
- Potential budget or political changes affecting option year exercises
- Cost overruns or supply chain disruptions could compress margins
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302896562 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | GOVT-CONTRACT | $191.01 | awaiting T+5 | — | $197.48 (+3.39%) |
Oct 21, 2026 6d ago | GOVT-CONTRACT | $194.71 | awaiting T+5 | — | $197.48 (+1.42%) |
Oct 20, 2026 6d ago | 8-K | $193.34 | awaiting T+5 | — | $197.48 (+2.14%) |
Oct 20, 2026 6d ago | Press Release | $193.34 | awaiting T+5 | — | $197.48 (+2.14%) |
Oct 16, 2026 10d ago | Institutional Cluster | $192.11 $197.48 | ▲ +2.80% | ▲ +2.94% | $197.48 (+2.80%) |
Oct 13, 2026 14d ago | GOVT-CONTRACT | $186.47 $191.60 | ▲ +2.75% | ▲ +2.30% | $197.48 (+5.90%) |
Oct 12, 2026 14d ago | Press Release | $186.66 $192.11 | ▲ +2.92% | ▲ +4.41% | $197.48 (+5.80%) |
Oct 1, 2026 25d ago | Press Release | $184.68 $185.97 | ▲ +0.70% | ▼ −0.46% | $197.48 (+6.93%) |
Sep 28, 2026 28d ago | Press Release | $186.94 $183.29 | ▼ −1.95% | ▼ −3.90% | $197.48 (+5.64%) |
Sep 28, 2026 29d ago | Court Ruling | $186.94 $183.29 | ▼ −1.95% | ▼ −3.90% | $197.48 (+5.64%) |
US Market Status
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