RTX's Raytheon completes installation of first SPY-6(V)4 array at Wallops Island test site

RTX (NYSE: RTX) announced that its Raytheon business has delivered and installed the first SPY-6(V)4 radar array at the Surface Combat Systems Center at Wallops Island, Virginia.

Rhea-AI Summary

RTX (NYSE: RTX) announced that its Raytheon business has delivered and installed the first SPY-6(V)4 radar array at the Surface Combat Systems Center at Wallops Island, Virginia. This land-based open-water test site will support extensive radar, power and combat system interface testing before backfitting the system onto USS Pinckney (DDG 91), the first Flight IIA Destroyer to receive SPY-6(V)4.

Initial testing at Wallops will start later in 2026 and run through mid-2028, supporting a tight DDG 91 availability window from late 2026 to 2028. According to Raytheon, other SPY-6 variants are already on two commissioned ships and installed on 11 more, with deployment expected on 50+ U.S. Navy ships over the next decade. Raytheon has invested $800 million to modernize radar manufacturing and aims to double SPY-6 output by 2028.

Positive

• SPY-6 expected on 50+ U.S. Navy ships over the next decade
• Raytheon invested $800 million to modernize radar manufacturing capacity
• SPY-6 production output targeted to double by 2028
• SPY-6 variants already on 2 commissioned ships and installed on 11 more
• RTX reported 2025 sales above $88 billion, indicating large operating scale

Negative

• None.

Argus Aug 3 session 1 alert

+0.66% close to close 0.7x rel. volume Open Argus

Details

News Market Reaction – RTX

$290.11B Market Cap

On Aug 3, the day this news came out, RTX closed 0.66% above the previous close.

Data tracked by StockTitan Argus for the Aug 3 session.

Market Context

RTX's active S-3ASR shelf is effective through September 18, 2028, with zero reported usage. That fi...

Analysis

RTX's active S-3ASR shelf is effective through September 18, 2028, with zero reported usage. That financing context frames the radar installation as an execution milestone; recent Net Selling insider activity remains a risk factor to monitor.

Key Figures

SPY-6 family variants: 4 variants Initial testing timeline: Later this year through mid-2028 DDG 91 backfit availability: Late 2026 to 2028 +5 more

SPY-6 family variants

4 variants

SPY-6 radar family

Initial testing timeline

Later this year through mid-2028

Wallops Island radar testing

DDG 91 backfit availability

Late 2026 to 2028

Scheduled ship availability

Commissioned ships

2 ships

Ships already carrying other SPY-6 variants

Additional ships in testing

11 ships

Ships with SPY-6 variants undergoing required testing

Expected deployment

More than 50 ships

Expected U.S. Navy deployment over the next decade

Manufacturing investment

$800 million

Radar facility modernization and capacity expansion

Output increase

Double output by 2028

SPY-6 production capacity

Historical Context

5 past events · Latest: Jul 23

5 events

1. Jul 23

   earnings report

   24h Move

   +7.3%

   Q2 sales and adjusted EPS growth; full-year outlook raised

2. Jul 22

   technology testing

   24h Move

   +0.6%

   Integrated lab testing completed for hybrid-electric aviation powertrain

3. Jul 22

   order update

   24h Move

   +0.6%

   GTF engines surpassed 800 orders and commitments during 2026

4. Jul 21

   partnership agreement

   24h Move

   -0.4%

   Collins and Etihad Engineering formed a nacelle maintenance joint venture

5. Jul 21

   memorandum agreement

   24h Move

   -0.4%

   Tigerair Taiwan agreement covered GTF engines for 15 aircraft

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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New radar testing will support U.S. Navy Destroyer modernization efforts 

WALLOPS ISLAND, Va., Aug. 3, 2026 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has delivered and installed the first SPY-6(V)4 radar array at Surface Combat Systems Center at Wallops Island in Virginia, marking a major milestone for the U.S. Navy's Flight IIA Destroyer modernization effort and the SPY-6 backfit program.

The Wallops site, a land‑based test facility situated over an open-water environment, will support extensive testing of the radar and its power and combat system interfaces ahead of installation on USS Pinckney (DDG 91), the first ship to be backfit with SPY‑6(V)4. SPY-6(V)4 is one of four variants in the SPY-6 family of radars, and is the only variant designed to backfit Flight IIA Destroyers. Initial testing will begin later this year and continue through mid‑2028.

"By leveraging the Wallops test site, we'll be able to integrate SPY‑6(V)4 with its dedicated power system before it reaches the ship, reducing the amount of testing needed on DDG 91," said Barbara Borgonovi, president of Naval Power at Raytheon. "That means less time in the shipyard, more time dedicated to the mission, and a smoother path for future backfit ships."

DDG 91 is scheduled to be available for the SPY-6(V)4 backfit from late 2026 to 2028. The Navy and Raytheon are using the Wallops site to meet this tight schedule and ensure a smooth transition from maritime environment testing to shipboard installation and operation.

The effort is a collaborative undertaking involving the Navy, the NASA Wallops team and industry partners, reflecting a strong government-industry partnership focused on delivering enhanced capability to the surface fleet.

Other SPY-6 radar variants are already onboard two commissioned U.S. Navy ships and have been installed on 11 additional ships currently undergoing required testing in preparation for commissioning. 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.

Raytheon's SPY-6 family of radars is built on more than a decade of design, testing and manufacturing experience and has been validated by successful performance at sea. The company has invested $800 million to modernize its radar manufacturing facilities and expand production capacity. With these upgrades, Raytheon is positioned to double SPY-6 output by 2028, helping ensure long-term availability and lowering cost for the Navy.

Raytheon is actively hiring to support this critical program. Opportunities are available for emerging talent, experienced professionals, and veterans. Discover open roles on our website and apply today.

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 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 corporatepr@rtx.com.

 

View original content:https://www.prnewswire.com/news-releases/rtxs-raytheon-completes-installation-of-first-spy-6v4-array-at-wallops-island-test-site-302837554.html

SOURCE RTX

FAQ

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What did RTX (RTX) announce about the SPY-6(V)4 radar at Wallops Island on August 3, 2026?

RTX announced Raytheon has delivered and installed the first SPY-6(V)4 radar array at the Wallops Island Surface Combat Systems Center. According to Raytheon, this land-based open-water site will support extensive interface testing before the system is backfit onto USS Pinckney (DDG 91).

How does the SPY-6(V)4 installation impact U.S. Navy Destroyer modernization and RTX (RTX)?

The SPY-6(V)4 installation supports the U.S. Navy’s Flight IIA Destroyer modernization and SPY-6 backfit program. According to Raytheon, Wallops testing should reduce on-ship testing time, helping meet DDG 91’s tight 2026–2028 availability window and enabling smoother future backfit installations.

What is the deployment outlook for RTX’s SPY-6 radars across the U.S. Navy fleet?

RTX expects SPY-6 to be deployed on more than 50 U.S. Navy ships over the next decade. According to Raytheon, variants are already operating on two commissioned ships and installed on 11 additional ships preparing for commissioning and required testing.

How much has RTX invested in SPY-6 radar manufacturing and what is the output goal?

RTX has invested $800 million to modernize radar manufacturing facilities and expand SPY-6 production capacity. According to Raytheon, these upgrades position the company to double SPY-6 output by 2028, supporting long-term availability and cost reduction for the U.S. Navy.

When will testing of the SPY-6(V)4 radar begin at Wallops Island and how long will it run?

Initial SPY-6(V)4 testing at Wallops Island is planned to start later in 2026 and continue through mid-2028. According to Raytheon, this schedule supports integration with dedicated power systems and smooth transition to shipboard installation on USS Pinckney (DDG 91).

What role does USS Pinckney (DDG 91) play in RTX’s SPY-6(V)4 backfit program?

USS Pinckney (DDG 91) will be the first Flight IIA Destroyer backfit with SPY-6(V)4. According to Raytheon, DDG 91 is scheduled to be available for backfit from late 2026 to 2028, with Wallops testing aimed at reducing required shipyard testing time.

How large is RTX as a company and how might SPY-6 contribute to its defense business?

RTX reported more than $88 billion in 2025 sales, reflecting a large global aerospace and defense business. According to RTX, SPY-6 builds on over a decade of radar design, testing and manufacturing experience and is expected to equip over 50 U.S. Navy ships.