Pentagon awards $24.4B contract to Raytheon for missile interceptors

The Pentagon has announced a $24.4 billion contract with Raytheon to accelerate the production of the SM-6 interceptor missiles, aiming to replenish the U.S. Army's stocks which were depleted during the war with Iran. This contract spans five years with the possibility of a two-year extension, and its goal is to speed up production and secure supply chains amid a decline in strategic ammunition reserves caused by consumption during military operations. The report also indicated that a shortage of ammunition could leave the United States with limited stocks of interceptor missiles for several years, while President Donald Trump has so far ignored questions regarding the decline in stockpiles.

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