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A government contract for software upgrades strengthens RTX's backlog, improves product cadence for SPY-6 radars, and signals sustained demand for software-defined defense tech, which can support near-term sentiment and modest multiple expansion on defense services exposure.
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RTX's Raytheon unit won an ONR contract to develop advanced target-detection software for naval radars, aiming to extend detection range and sensitivity while boosting efficiency. The upgrades target SPY-6 and future systems, with work through 2031 at facilities in Portsmouth, RI and Andover, MA, signaling a durable software backlog and continued government exposure for RTX's defense portfolio.
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