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US Navy awards RTX's Raytheon $24.4 billion contract for Standard Missile-6 amid stockpile concerns

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RTX's Raytheon unit won a multiyear contract worth up to $24.4 billion to produce Standard ​Missile-6 interceptors for the US Navy, the service said on ‌Thursday, as the Pentagon pushes to replenish munitions stockpiles depleted by conflicts in the Middle East.

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