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RTX’s Raytheon was awarded a contract valued at $333 million by the US Navy to produce Standard Missile-6 (SM-6) Block IA ...

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.

The contract encompasses a radar set, multiple launchers, command and control stations, and additional support gear.

Read about the Navy's latest contract award worth up to $908.1 million to Raytheon for Standard Missile-6 production.