WASHINGTON (dpa-AFX) - Tuesday, RTX Corporation (RTX) announced that its subsidiary Raytheon has been awarded a $1.8 billion contract extension for SPY-6 radars for the U.S. Navy, building on the initial hardware production and sustainment contract.
Additionally, the contract includes options which, if exercised, would bring the cumulative value to $3.3 billion.
The company stated that the contract extension reflects the Navy's confidence in its ability to deliver advanced, reliable and scalable radar solutions.
At present, SPY-6 is aboard two commissioned U.S. Navy ships and is installed on 11 others, all of which are undergoing various stages of testing.
In the pre-market hours, RTX is trading at $194.92, up 0.23 percent on the New York Stock Exchange.
Copyright(c) 2026 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2026 AFX News
