Raytheon Lands $1.8B Deal for U.S. Navy's SPY-6 Radar Family

Raytheon, an RTX business, received a $1.8 billion contract extension from the U.S. Navy on July 21, 2026. This agreement focuses on the production and sustainment of the SPY-6 radar family, building upon a previous hardware contract from March 2022. With production ramping up for over 50 ships, the total potential value of the deal could reach $3.3 billion, ensuring the continued deployment of advanced radar capabilities across the U.S. Navy fleet.