RTX's Raytheon awarded $646 million hardware production and sustainment contract for SPY-6 family of radars

Group 1 - Raytheon has been awarded a $646 million contract to continue producing AN/SPY-6(V) radars for the U.S. Navy, marking the fourth option exercised from a contract valued up to $3 billion over five years [1][2] - The contract will provide the U.S. Navy with four additional radars, bringing the total number of radars under contract to 42 [2] - The SPY-6 radar enhances the U.S. Navy's capabilities by allowing them to detect threats at greater distances, providing more response time for sailors [2] Group 2 - The majority of the work under this contract will be conducted at Raytheon's Andover facility through 2028 [3] - Raytheon's Radar Development Facility in Andover is a highly advanced site, supporting the production of various radar types for U.S. and allied forces [2] - Raytheon has over 100 years of experience in developing defense technologies, including integrated air and missile defense, advanced sensors, and radars [4] Group 3 - RTX is the world's largest aerospace and defense company, with over 185,000 employees and projected sales exceeding $80 billion in 2024 [5] - RTX operates through leading businesses such as Collins Aerospace, Pratt & Whitney, and Raytheon, focusing on advancing aviation and integrated defense systems [5]