4 days agoU.S. Navy Awards $24.4B Contract to Raytheon for SM-6 Interceptors
The U.S. Navy has awarded Raytheon a multiyear contract worth up to **$24.4 billion** for the production of Standard Missile-6 (SM-6) interceptors. This award aims to replenish munitions and meet the demand for increased missile output, although funding remains unappropriated, which could delay production.
20 days agoU.S. Navy Awards $200M Contract for Blackbeard Hypersonic Weapons Production
The U.S. Navy has awarded Castelion a production delivery order valued at **$200 million** for hypersonic weapons. This contract emphasizes a shift to full production, enhancing the Navy's rapid acquisition strategy and fostering opportunities for defense contractors in hypersonic technology.
70 days agoIndustry Leaders Tackle Missile Production Challenges at Upcoming Webcast
The upcoming Defense News webcast on August 18 will analyze strategies to enhance missile production. With geopolitical tensions rising, procurement professionals must consider supply chain vulnerabilities and align their capabilities with government demands for efficient output.
146 days agoU.S. Military Expands Missile Production to Address Supply Shortages
The U.S. Military is increasing missile production capacity due to depleting stockpiles from wartime operations. Lockheed Martin aims to boost Patriot missile output to 2,000 units annually, though restoring full inventories may take years, presenting opportunities for contractors and suppliers.