Contract accelerates integration and test support for the U.S. Navy's most advanced maritime radar A...


    
    
    
          
		  
          
            
            
            Contract accelerates integration and test support for the U.S. Navy's most advanced maritime radar
,  /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been awarded a $515 million contract from the U.S. Navy for the SPY-6 family of radars. The contract is a follow-on to the Integration and Production Support contract, which was awarded in June 2025, and includes upgrading Flight IIA destroyers with the SPY-6(V)4 variant.
Under the sole source award, Raytheon will provide continued support for the SPY-6 family of radars to the U.S. Navy, including the government of Germany with the potential for other countries to be added under the Foreign Military Sales program.
"With over a decade of demonstrated success at sea, SPY-6 remains the U.S. Navy's most advanced maritime radar, providing the fleet with unmatched sensing power and multi-mission readiness to counter evolving threats," said Barbara Borgonovi, president of Naval Power at Raytheon. "Backed by an $800 million investment to modernize our radar manufacturing facilities, we're accelerating production and are expecting to double SPY‑6 output by 2028."
SPY-6 is now aboard two commissioned U.S. Navy ships and is installed on 11 others, all of which are undergoing various stages of testing. Over the next decade, SPY-6 is expected to be deployed on more than 50 U.S. Navy ships, enhancing defense against air, surface, ballistic and electronic warfare threats.
SPY-6 is one of several radar programs designed and manufactured at Raytheon's Radar Development Facility in Andover, Massachusetts, 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, complete with a gallium nitride (GaN) foundry to produce the semiconductors essential for SPY-6 and other Raytheon radars.
Raytheon is actively hiring engineers across multiple disciplines to support this critical program. Interested candidates can learn more by visiting our website.
About RaytheonRaytheon, 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 RTXWith more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.
For questions or to schedule an interview, please contact [email protected].
SOURCE RTX

          
        

  

RTX's Raytheon awarded $515 million contract for SPY-6 family of radars

RTX Wins $515 Million Navy SPY-6 Contract, Boosting Radar Growth Outlook

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Contract accelerates integration and test support for the U.S. Navy&#039;s most advanced maritime radar A...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>RTX, via its Raytheon unit, secured a $515 million Navy contract for the SPY-6 radar family, reinforcing its production backlog. The win supports a plan to double SPY-6 output by 2028 and expands potential Foreign Military Sales to allies, signaling a multi-year uplift to RTX&#039;s radar business and defense revenue trajectory.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>RTX wins $515m Navy SPY-6 radar contract.</li><li>Follow-on to June 2025 award; upgrades Flight IIA destroyers.</li><li>Germany FMS potential; other allies may be added.</li><li>SPY-6 output targeted to double by 2028.</li><li>SPY-6 to be deployed on 50+ ships over the next decade.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Raytheon Technologies Corp (RTX)</strong>: Awarded the SPY-6 contract; strengthens radar backlog and production ramp.</li></ul>
  </section>

  <section data-block="category">
    <h3>Industry News</h3>
    <p>Industry News: reflects a defense-contract catalyst and manufacturing expansion for RTX, reinforcing SPY-6 as a growth engine.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>SPY-6 contract value of $515 million expands RTX defense backlog.</li><li>Plan to double SPY-6 output by 2028 implies higher production utilization.</li><li>Possible Germany/FMS expansion broadens addressable market.</li><li>Radar manufacturing modernization supports long-term capacity.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>$515 million SPY-6 contract from the U.S. Navy.</li><li>Follow-on to the June 2025 award.</li><li>SPY-6 currently on 11 ships; 2 commissioned.</li><li>Deployment target of 50+ ships over the next decade.</li><li>$800 million investment to modernize radar manufacturing facilities.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term RTX upside from the SPY-6 award, with a multi-year ramp through 2028.</p>
  </section>
</section>


<article>
  <header>
    <h2>RTX's Raytheon awarded $515 million contract for SPY-6 family of radars</h2>
  </header>

  <section>
    <p>RTX's Raytheon, a unit of RTX, has been awarded a <strong>$515 million</strong> contract from the U.S. Navy for the SPY-6 family of radars. The contract is a follow-on to the Integration and Production Support contract, which was awarded in <strong>June 2025</strong>, and includes upgrading <strong>Flight IIA destroyers</strong> with the SPY-6(V)4 variant. This award underscores continued investment in advanced maritime sensing and defense capabilities.</p>
  </section>

  <section>
    <h3>Contract details and scope</h3>
    <p>Under the sole source award, Raytheon will provide continued support for the SPY-6 family of radars to the U.S. Navy, including the government of <strong>Germany</strong> with the potential for other countries to be added under the <em>Foreign Military Sales</em> program.</p>
  </section>

  <section>
    <h3>Executive commentary from Raytheon leadership</h3>
    <p>“With over a decade of demonstrated success at sea, SPY-6 remains the U.S. Navy's most advanced maritime radar, providing the fleet with unmatched sensing power and multi-mission readiness to counter evolving threats,” said Barbara Borgonovi, president of Naval Power at Raytheon. "Backed by an <strong>$800 million</strong> investment to modernize our radar manufacturing facilities, we're accelerating production and are expecting to double SPY‑6 output by <strong>2028</strong>."</p>
  </section>

  <section>
    <h3>Deployment progress and production outlook</h3>
    <ul>
      <li>SPY-6 is now aboard <strong>2</strong> commissioned U.S. Navy ships and is installed on <strong>11</strong> others, all of which are undergoing various stages of testing.</li>
      <li>Over the next decade, SPY-6 is expected to be deployed on more than <strong>50</strong> U.S. Navy ships, enhancing defense against air, surface, ballistic and electronic warfare threats.</li>
    </ul>
  </section>

  <section>
    <h3>Manufacturing capabilities and facilities</h3>
    <p>SPY-6 is one of several radar programs designed and manufactured at Raytheon's Radar Development Facility in Andover, Massachusetts, a <strong>30,000-square foot</strong> 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, complete with a gallium nitride (<em>GaN</em>) foundry to produce the semiconductors essential for SPY-6 and other Raytheon radars.</p>
  </section>

  <section>
    <h3>Engineering talent and career opportunities</h3>
    <p>Raytheon is actively hiring engineers across multiple disciplines to support this critical program. Interested candidates can learn more by visiting our website.</p>
  </section>

  <section>
    <h3>About Raytheon and RTX</h3>
    <p><strong>About Raytheon</strong> Raytheon, an <strong>RTX</strong> 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.</p>
    <p><strong>About RTX</strong> With more than <strong>180,000</strong> global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with <strong>2025 sales of more than <strong>$88 billion</strong></strong>, is headquartered in Arlington, Virginia.</p>
  </section>

  <section>
    <h3>Media inquiries</h3>
    <p>For questions or to schedule an interview, please contact <strong>[email protected]</strong>.</p>
  </section>
</article>

RTX, via its Raytheon unit, secured a $515 million Navy contract for the SPY-6 radar family, reinforcing its production backlog. The win supports a plan to double SPY-6 output by 2028 and expands potential Foreign Military Sales to allies, signaling a multi-year uplift to RTX's radar business and defense revenue trajectory.

RTX's Raytheon awarded $515 million contract for SPY-6 family of radars

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Industry News

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