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.

Axar.az reports, citing Reuters, the five-year contract, which includes two additional option years, the Navy said, ​is meant to provide a steady and reliable supply of the ​SM-6, a missile that can carry out both offensive ⁠strikes and missile defense missions.

The SM-6 award is the latest in ​a series of large munitions contracts the Pentagon has pursued this year ​to pressure contractors into ramping up output faster. It follows a $20.7 billion provisional multiyear deal for Raytheon's AMRAAM air-to-air missiles in late September and a $58.6 billion Patriot interceptor ​deal awarded to Lockheed Martin in July.