Raytheon, part of RTX, scored a $6.3 billion contract with the Pentagon to replace missiles used in the Iran conflict.

RTX · RTX Corp.

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The agreement gives Raytheon years of production and support work, and the Pentagon says it provides production certainty. U.S. interceptor stocks may stay reduced for several years after combat use. That creates a supply challenge, but this contract is specifically meant to rebuild those stocks, making the added work the stronger news for RTX.