US announces US$24.4bil contract to speed up missile production
The Pentagon awarded Raytheon a contract to accelerate SM-6 missile production as Washington works to replace munitions expended during the Iran war.
WASHINGTON: The Pentagon has awarded Raytheon a US$24.4 billion contract to expedite the production of SM-6 missiles, as the United States seeks to replenish the substantial number of munitions expended during the conflict with Iran. This five-year agreement, with two extension options, is aimed at accelerating production to meet the defense industry's requirements for anti-air and anti-surface warfare munitions.
The Pentagon emphasized that this contract offers the necessary long-term predictability to enhance workforce capacity and ensure secure supply chains. While President Trump has downplayed the impact of Iran war on US munition supplies, recent reports suggest that the war has strained strategic inventory levels and created bottlenecks in the munitions resupply process.
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