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RTX Adds $24.4 Billion SM-6 Contract To Recent Missile Award Run
RTX missile contracts remain in focus after Raytheon secured a $24.4 billion SM-6 deal, extending a recent run of major awards.
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RTX's Raytheon Wins $24.4B Multi-Year Contract For SM-6 Interceptors
ARLINGTON, Va., Oct. 1, 2026 /PRNewswire/ -- Raytheon, an RTX (NYSE:RTX) business, has secured a five-year contract, with two additional option years, valued up to $24.4 billion for Standard Missile-6 (SM-6)
Soaring Defense Spending Means Great News for These 2 Stocks
U.S. defense spending is projected to reach nearly $1.5 trillion, driven by global conflicts and weapons stockpile depletion. Lockheed Martin and RTX are well-positioned to benefit from surging defense contracts and record backlogs, with both stocks down from 52-week highs and offering attractive valuations for investors.