The Navy has once again increased its procurement objective for the Standard Missile-6, taking the program's total cost up by nearly $2.8 billion as the Pentagon gears up for a period of great power competition. According to the recently released Defense Department Selected Acquisition Report summaries , the SM-6 program’s price tag went from $8.8 billion to $11.5 billion, accounting for a 31.5% increase. The Navy now plans to buy 2,331 missiles, which is nearly double the service’s original procurement...
