Raytheon Technologies : Missiles & Defense awarded $423 million US Navy contract for SPY-6 family of radars
May 23, 2022 at 06:38 pm EDT
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Raytheon Missiles & Defense awarded $423 million US Navy contract for SPY-6 family of radars
May 23, 2022
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TUCSON, Ariz., (May 23, 2022) - Raytheon Missiles & Defense, a Raytheon Technologies business, is awarded a $423 million contract to continue to produce SPY-6 radars for the U.S. Navy. This is the first option exercised from the March 2022 hardware, production and sustainment contract that is valued up to $3.16 billion over five years.
"SPY-6 is the premiere surface naval radar in the world, and contracts like this ensure sailors across the fleet will be equipped with the information, tracking and detection it provides," said Kim Ernzen, president of Naval Power at Raytheon Missiles & Defense. "SPY-6 radar arrays have already been delivered to multiple ships with installation ongoing."
The SPY-6 family of radars can defend against ballistic missiles, cruise missiles, hostile aircraft and surface ships simultaneously. They provide several advantages over legacy radars, including significantly greater detection range, increased sensitivity and more accurate discrimination. Their scalable and modular radar arrays reduce cost and sustainment needs, while meeting the mission requirements of seven classes of ships.
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About Raytheon Missiles & Defense
Raytheon Missiles & Defense brings global customers the most advanced end-to-end solutions delivering the advantage of one innovative partner to detect, track, and intercept threats. With a broad portfolio of air and missile defense systems, precision weapons, radars, command and control systems and advanced defense technologies Raytheon Missiles & Defense solutions protect citizens, warfighters and infrastructure in more than fifty countries around the world.
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Raytheon Technologies Corporation published this content on 23 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2022 22:37:06 UTC.
RTX Corporation (formerly Raytheon Technologies Corporation) is among the world's leading aeronautics and defense groups. Net sales (including intragroup) break down by sector of activity as follows:
- aerial navigation systems (29.3%; Collins Aerospace): manufacturing of electrical, electronical and mechanical systems for aircrafts (compressors, airplane control, etc.), civil and military helicopters, etc.;
- aeronautics (29.2%; Pratt & Whitney): design and manufacturing of civil and military aircraft engines, gas turbines, rocket engines and propulsion systems;
- missile systems, and integrated air and anti-missile defense systems (21.1%; Raytheon Missiles & Defense): design and manufacturing of weapons systems, missiles, munitions, projectiles, radars systems, control and monitoring equipment, communication, information, detection and imaging systems, etc. ;
- aerospace systems (20.4%; Raytheon Intelligence & Space): production of radars, airborne sensors, tactical airborne communications systems, software-defined radio solutions, advanced tactical networking systems, cryptographic systems, real-time sensor networking systems, etc.
Net sales break down by source of revenue between sales of products (76.7%) and services (24.3%).
Net sales are distributed geographically as follows: the United States (86.3%), Europe (5.8%), Asia/Pacific (2.7%), North Africa and Middle East (0.2%) and other (5%).
RTX CORPORATION 
