RTX’s Raytheon wins $677M U.S. Navy contract for SPY-6 family of radars

Raytheon, an RTX business, was awarded a $677M contract to continue to produce AN/SPY-6 radars for the U.S. Navy. This is the third option exercised from the March 2022 hardware, production and sustainment contract that is valued up to $3B over five years. Under this contract, the U.S. Navy will receive seven additional radars, increasing the total amount of radars under contract for procurement to 38.