RTX's Raytheon awarded $590 million production contract for Next Generation Jammer Mid-Band

Raytheon, an RTX business, has secured a $590 million follow-on production contract from the U.S. Navy for the Next Generation Jammer Mid-Band (NGJ-MB) system.

Rhea-AI Summary

Raytheon, an RTX business, has secured a $590 million follow-on production contract from the U.S. Navy for the Next Generation Jammer Mid-Band (NGJ-MB) system. This program, developed in cooperation with the Royal Australian Air Force, includes delivery of shipsets, support equipment, spares, and non-recurring engineering support.

The NGJ-MB system will be deployed on EA-18G GROWLER® aircraft by both the U.S. Navy and RAAF to counter advanced radar threats, communications, data links, and non-traditional radio frequency threats. The system enhances combat capabilities by reducing adversary targeting ranges, disrupting kill chains, and supporting kinetic weapons targeting. Work will be conducted across multiple U.S. locations through 2028.

Positive

• Secured substantial $590 million U.S. Navy contract
• International cooperation with Royal Australian Air Force expands market reach
• Contract includes multiple revenue streams (shipsets, equipment, spares, engineering)
• Project timeline extends through 2028, providing long-term revenue visibility

Negative

• None.

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System plays critical role delivering revolutionary combat capability

MCKINNEY, Texas, Dec. 5, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been awarded a $590 million follow-on production contract from the U.S. Navy for the Next Generation Jammer Mid-Band (NGJ-MB) system.

NGJ-MB is a cooperative development and production program with the Royal Australian Air Force (RAAF). The contract includes delivery of shipsets, support equipment, spares and non-recurring engineering support. 

"NGJ-MB is a revolutionary offensive electronic attack system for the joint force that puts a critical combat capability in the hands of our Navy warfighters," said Barbara Borgonovi, president of Naval Power at Raytheon. "We're working with the U.S. Navy to ensure NGJ-MB provides the advanced electronic warfare solution needed as quickly as possible."

The U.S. Navy and RAAF will employ NGJ-MB on the EA-18G GROWLER® to target advanced radar threats, communications, data links and non-traditional radio frequency threats. The system reduces adversary targeting ranges, disrupts adversary kill chains and supports kinetic weapons to target. NGJ-MB allows naval crews to operate effectively at extended ranges and attack multiple targets simultaneously with advanced techniques.

Work under this contract will take place in McKinney, Texas; Forest, Mississippi; El Segundo, California; and Fort Wayne, Indiana through 2028.

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
With more than 185,000 global employees, RTX pushes 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, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2023 sales of $69 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact corporatepr@rtx.com

View original content:https://www.prnewswire.com/news-releases/rtxs-raytheon-awarded-590-million-production-contract-for-next-generation-jammer-mid-band-302323135.html

SOURCE RTX

FAQ

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What is the value of RTX's new Navy contract for the Next Generation Jammer Mid-Band?

RTX's Raytheon has been awarded a $590 million follow-on production contract from the U.S. Navy for the Next Generation Jammer Mid-Band (NGJ-MB) system.

Which countries are involved in RTX's NGJ-MB program?

The NGJ-MB is a cooperative development and production program between the United States Navy and the Royal Australian Air Force (RAAF).

When will RTX complete the work under the NGJ-MB contract?

The work under this contract will take place across multiple U.S. locations through 2028.

What aircraft will use RTX's Next Generation Jammer Mid-Band system?

The NGJ-MB system will be employed on the EA-18G GROWLER® aircraft by both the U.S. Navy and Royal Australian Air Force.