Raytheon’s SPY-6 technology currently serves as the backbone for air and missile defense across the Navy’s fleet. The radar systems are already operational on two commissioned warships, with installation complete on 11 additional vessels currently navigating various stages of testing and integration. The contract covers both hardware production and ongoing sustainment for the platform, ensuring the sensors remain compatible with evolving naval combat requirements.
In section Market Quotes
U.S. Navy Extends Raytheon Radar Contract to $1.8 Billion
The U.S. Navy has finalized a $1.8 billion contract extension with RTX subsidiary Raytheon, deepening its commitment to the SPY-6 radar program. This expansion follows a 2022 production agreement and pushes the potential total value of the partnership to $3.3 billion, provided the military exercises remaining options on the deal.
Comments (0)
No comments yet. Be the first!