U.S. Department Of War Awards RTX’s Raytheon $6.3B Multi-Year Contract For SM-3 IB Interceptors

The U.S. Department of War has awarded Raytheon Technologies (RTX) a multi-year contract valued at $6.3 billion for the production of SM-3 IB interceptors. This contract is significant for Raytheon's defense segment and is expected to enhance its revenue stream over the coming years.