09:56 AM EST, 01/13/2025 (MT Newswires) -- RTX (RTX) said Monday its Raytheon unit was awarded a $333 million contract by the US Navy to produce Standard Missile-6 Block IA missiles, with production completion expected in 2027.

The company said the missiles, used in anti-air, anti-surface, and terminal ballistic missile defense, will be manufactured at facilities in Arizona, Alabama, Massachusetts, and New Mexico.

Shares of the company were up 1.4% in recent Monday trading.

Price: 116.76, Change: +1.65, Percent Change: +1.43