The US Department of Defense (the Pentagon) announced a $24.4 billion contract with Raytheon (a subsidiary of RTX) to accelerate the production of Standard Missile-6 (SM-6) missiles over a period of five years with the possibility of extending for an additional two years, according to a CSIS report that indicated the use of between 190 to 370 missiles of this type during the conflict with Iran from an initial war stock of 1,160 pieces, and the cost of each missile is 5.3 One million dollars and the supply period is 53 months.
AI-generated summary
The contract comes in the context of the United States' efforts to enhance its stock of medium- and long-range missiles used in air and surface defense systems, especially after a large portion of the stock was consumed during tensions with Iran.
The Pentagon statement said: “The War Department announces today that the US Navy has awarded a $24.4 billion contract to Raytheon Corporation, a subsidiary of RTX, to accelerate production of Standard Missile-6 (SM-6) missiles, which are a vital means of air and surface defense.”
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The Ministry stated that the contract was concluded for a period of 5 years, with the possibility of extension for an additional two years.
An analytical report issued by the Center for Strategic and International Studies (CSIS) stated that between 190 and 370 SM-6 missiles were used during the conflict with Iran, out of a total pre-war stockpile of 1,160 pieces.
The cost of one missile is $5.3 million, while the supply period takes 53 months.

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