RTX awarded $677 million US Navy contract for SPY-6 family of radars 

ANDOVER, Mass., June 10, 2024 /PRNewswire/ — Raytheon, an RTX (NYSE: RTX) business, was awarded a $677 million contract to continue to produce AN/SPY-6(V) radars for the U.S. Navy. This is the third 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 seven additional radars, increasing the total amount of radars under contract for procurement to 38.”SPY-6 provides the fleet with superior air surveillance, electronic warfare protection and enhanced detection abilities,” said Barbara Borgonovi, president of Naval Power at Raytheon. “This contract is a significant step forward in ensuring this technology is delivered to ships to improve the overall self-defense of the fleet.”

Source: News | RTX awarded $677 million US Navy contract for SPY-6 family of radars | RTX