StockNews.AI
RTX
StockNews.AI
3 hrs

Germany selects Raytheon's SPY-6(V)1 for its F127 frigates

1. Raytheon will supply SPY-6 radar to the German Navy. 2. Germany becomes the first international customer for SPY-6 radar. 3. The contract includes support services for radar integration. 4. SPY-6 enhances air and missile defense capabilities significantly. 5. Raytheon's advanced facility supports diverse radar production.

5m saved
Insight
Article

FAQ

Why Bullish?

The contract boosts sales and international presence, echoing past contracts that positively influenced share prices.

How important is it?

The SPY-6 contract serves as a significant endorsement of RTX's technology and market position.

Why Long Term?

The multi-year nature of defense contracts ensures sustained revenue flow, similar to RTX's past defense deals with allied nations.

Related Companies

LMTNOCBAGD
Radar will bring advanced capability to the German Navy , /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been selected by the German government to provide the Raytheon-built SPY-6(V)1 radar for installation on eight of its F127 frigates under a requested foreign military sales contract with the U.S. Navy. The contract, which would also include comprehensive support and services to adapt the radar to the ship's design, will make Germany the first international customer for SPY-6. SPY-6(V)1 features four array faces – each equipped with 37 radar modular assemblies – providing continuous, 360-degree situational awareness. It is part of the U.S. Navy's SPY-6 family of radars that performs air and missile defense on seven classes of ships and is a giant leap in capability for the fleet. "Germany's selection of SPY-6 reaffirms the global confidence in the radar's advanced capabilities and its critical role in enhancing naval defense," said Barbara Borgonovi, president of Naval Power at Raytheon. "Integrating the radar on F127 frigates will provide the German Navy with a multi-mission solution that enables faster and more informed decision-making at sea." SPY-6 is the most advanced, most tested maritime radar in the world. It is one of several radar programs designed and manufactured at Raytheon's Radar Development Facility in Andover, Mass., a 30,000-square foot site supporting the production of diverse types of radars for U.S. and allied forces. This vertically integrated and highly automated site is one of the most advanced in the world, with sophisticated radar testing and integration happening around the clock. About Raytheon Raytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies and partners defend their national sovereignty and ensure their security. For more than 100 years, Raytheon has developed new technologies and enhanced existing capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics and missile defense across land, air, sea and space. About RTX RTX is the world's largest aerospace and defense company. With more than 185,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems for operational success, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2024 sales of more than $80 billion, is headquartered in Arlington, Virginia. For questions or to schedule an interview, please contact [email protected] . SOURCE RTX WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News