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Raytheon

New CustomerDetected 15h ago
$1.8B

Raytheon has been awarded a $1.8 billion contract extension by the U.S. Navy for the production and sustainment of its SPY-6 radar hardware.

Why it matters for sellers

Revenue momentum = expansion budgets unlocking

Read the original coveragevia defence-industry.eu

Signal details

Counterparty
U.S. Navy
Reported
July 21, 2026
Source
defence-industry.eu

From the coverage · defence-industry.eu

By Lukasz Prus (Defence Industry Europe) Photo: Raytheon. S. Navy. The award builds on the initial production and sustainment contract issued in March 2022. 3 billion if exercised. Raytheon, an RTX business, said the extension supports continued delivery of the SPY-6 family of radars as the Navy expands deployment across its surface fleet. “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. S. Navy ships.

It is also installed on 11 additional ships that are undergoing different stages of testing. S. Navy ships over the next decade. The company said the system will give the fleet strong sensing capability and multi-mission readiness against evolving threats. The SPY-6 family of radars is based on more than a decade of design, testing and manufacturing work. Raytheon said the system has been validated through performance at sea. Raytheon has invested more than $800 million to modernize radar manufacturing facilities and expand production capacity.

The company said those upgrades position it to double SPY-6 output by 2028, supporting long-term availability and lowering cost for the Navy. BAE Systems has unveiled BlackThorn, a new multi-role modular warhead designed for drones, missiles, autonomous platforms and uncrewed ground vehicles. CSG plans to establish jet engine production in Wisconsin for drones, unmanned systems and related defense applications. The offer targets the UK’s next-generation pilot training requirement. S. Navy submarine construction programs. Airbus Helicopters and Voyageur Aviation have signed an agreement for the first Canadian purchase order of the Airbus U030 Flexrotor uncrewed aerial system.

Embraer and Anduril have signed a Memorandum of Understanding to study integration of the pallet-launched Barracuda-500M stand-off cruise missile into the C-390 Millennium. SPEAR is designed to engage targets at stand-off range while allowing the launch aircraft to remain outside the reach of enemy air defences. Portugal has signed a state-to-state agreement with Italy for the acquisition of three FREMM EVO frigates, moving one of Lisbon’s largest naval renewal plans towards contract award. Boeing has used the opening day of the Farnborough International Airshow to set out its first industrial proposals for a UK campaign around the T-7A Red Hawk.

Continue reading at defence-industry.eu

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