RTX’s Raytheon awarded $646M hardware production contract

Raytheon, an RTX (RTX) business, was awarded a $646 million contract to continue producing AN/SPY-6 radars for the U.S. Navy. This is the fourth option exercised from the March 2022 hardware, production and sustainment contract that is valued up to $3 billion over five years. Under this contract, the U.S. Navy will receive four additional radars, increasing the total amount of radars under contract for procurement to 42. “SPY-6 enables the U.S. Navy to see further than they’ve ever seen before, providing sailors with more time to respond to detected threats,” said Barbara Borgonovi, president of Naval Power at Raytheon. “This latest contract builds on our decades of experience and technical expertise in developing modular, scalable, and highly maintainable radars.”