Raytheon gets $325M boost to StormBreaker contract

The U.S. Department of Defense has increased the ceiling of an existing U.S. Air Force contract held by Arlington County’s Raytheon, a subsidiary of Fortune 500 defense contractor RTX, by $325 million, the Department of Defense announced Friday. 

The contract, under which Raytheon is producing StormBreaker Increment II small-diameter glide bombs for fighter jets, has been modified to raise its ceiling $275 million to $600 million. 

Work will be performed in Tucson, Arizona, and is expected to be completed by the end of 2026, according to the federal government. 

In other company news, Raytheon received two mentor-protégé agreement contracts from the U.S. Department of the Navy Office of Small Business Programs to support the development of artificial intelligence for U.S. Department of Defense programs and platforms, the company announced Monday. 

Raytheon won three-year contracts to mentor California’s Anacapa Micro Products, which provides IT solutions to the government, and Nara Logics, a Boston developer of a synaptic intelligence platform. Raytheon will provide mentorship on system design, software architecture, systems integration, IT security constraints and authority-to-operate requirements, according to a news release.  

Raytheon, Anacapa Micro Products and Nara Logics plan to accelerate the development of next-generation autonomous capabilities to improve the effectiveness of service members’ decision making, the news release stated. 

“Through this partnership, we’ll leverage commercial innovations that can make meaningful contributions to our defense capabilities and, ultimately, the success of our servicemen and women,” stated Colin Whelan, president of advanced technology at Raytheon.

Former U.S. Sen. Sam Nunn, D-Georgia, created the Mentor-Protégé Program in 1990. It helps small businesses “expand their footprint in the defense industrial base,” according to the Department of Defense. 

An participant in the program since 1991, Raytheon has nine active mentor-protégé agreements currently, according to a company spokesperson. 

Also based in Arlington, RTX has more than 185,000 employees globally and had $68.9 billion in sales in 2023. The company rebranded from Raytheon Technologies to RTX in June 2023 and has three business units: Collins Aerospace, Pratt & Whitney and Raytheon.