RTX's Raytheon awarded $536 million US Navy contract for SPY-6 family of radars

Rhea-AI Summary

RTX's Raytheon business has secured a significant $536 million contract from the U.S. Navy for the SPY-6 family of radars. This follow-on contract includes upgrading Flight IIA destroyers with the SPY-6(V)4 variant and provides continued integration and production support. The scope encompasses training, engineering services, ship installation, integration, testing, and software upgrades to enhance radar capabilities. Currently installed on two Navy ships with three more installations in progress for 2025, the SPY-6 radar system is projected to be deployed on over 60 U.S. Navy ships within the next decade. The contract work is scheduled for completion by May 2026.

Positive

• Secured substantial $536 million contract from U.S. Navy
• Expected deployment on more than 60 U.S. Navy ships over next decade indicates strong growth potential
• Sole source award demonstrates Raytheon's competitive advantage in naval radar technology
• Contract extends through May 2026, providing steady revenue stream

Negative

• None.

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

ANDOVER, Mass., June 3, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been awarded a $536 million contract from the U.S. Navy for the SPY-6 family of radars. The contract is a follow-on to the previously awarded Integration and Production Support contract 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 through training, engineering services, ship installation, integration and testing, as well as software upgrades to enhance radar capabilities.

"SPY-6 is the most advanced radar in the U.S. naval fleet, providing ships a new level of defense against evolving threats," said Barbara Borgonovi, president of Naval Power at Raytheon. "This contract highlights the essential role of this technology in supporting the U.S. Navy's technology roadmap for several decades to come."

SPY-6 is now installed on two new U.S. Navy ships, with three additional ships slated for installation and undergoing various stages of testing in 2025. Over the next decade, SPY-6 is expected to be deployed on more than 60 U.S. Navy ships, enhancing defense against air, surface, and ballistic threats.

Work on this contract is expected to be completed by May 2026.

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 corporatepr@rtx.com.

 

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SOURCE RTX

FAQ

What is the value of RTX's Raytheon SPY-6 radar contract with the U.S. Navy?

Raytheon was awarded a $536 million contract from the U.S. Navy for the SPY-6 family of radars.

How many U.S. Navy ships currently have the SPY-6 radar installed?

The SPY-6 radar is currently installed on two U.S. Navy ships, with three additional ships scheduled for installation and testing in 2025.

What is the deployment target for RTX's SPY-6 radar system?

Over the next decade, the SPY-6 radar system is expected to be deployed on more than 60 U.S. Navy ships.

When will RTX complete the work on the SPY-6 radar contract?

The work on this contract is expected to be completed by May 2026.

What services are included in RTX's SPY-6 radar contract?

The contract includes training, engineering services, ship installation, integration and testing, software upgrades, and upgrading Flight IIA destroyers with the SPY-6(V)4 variant.