Raytheon, an RTX business, has been awarded a $1.8 billion contract extension for SPY-6 radars for the US Navy.
The deal is building on the initial hardware production and sustainment contract awarded in March 2022. The contract includes options which, if exercised, would bring the cumulative value to $3.3 billion.
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“This contract extension reflects the Navy’s confidence in our ability to deliver advanced, reliable and scalable radar solutions,” said Barbara Borgonovi , president of Naval Power at Raytheon.
“Our continued investment and commitment to ramping production will ensure the fleet has the sensing advantage to stay ahead of evolving threats for decades to come.”
SPY-6 is now aboard two commissioned US Navy ships and is installed on eleven others, all of which are undergoing various stages of testing, according to Raytheon.
The company has invested more than $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.
Over the next decade, SPY-6 is expected to be deployed on more than 50 US Navy ships.
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Raytheon, an RTX business, has been awarded a $1.8 billion contract extension for SPY-6 radars for the US Navy.
