Raytheon wins $206M Navy contract

Raytheon, part of Arlington-based Fortune 500 aerospace and defense contractor RTX, has been awarded a $206.2 million contract from the U.S. Navy to upgrade a military landing system.

According to the Department of Defense, the cost-plus-incentive-fee contract calls for Raytheon to design, engineer, integrate, test and validate M-Code GPS capabilities for the AN/USN-3(V)1 Joint Precision Approach and Landing System. The contract also includes the procurement of four engineering development models for the Navy.

M-Code GPS is a more secure, jam-resistant military GPS signal, according to the U.S. Government Accountability Office.

The DOD said Tuesday that 60% of the work will be performed in Fullerton, California, and 40% in Cedar Rapids, Iowa. Work is expected to be completed in April 2030.

Naval Air Systems Command, the contracting activity, obligated $11.5 million in fiscal 2026 research, development, test and evaluation funds at the time of award, none of which will expire at the end of the current fiscal year.

RTX employs more than 185,000 people worldwide and reported $88.6 billion in sales in 2025, up 10% from 2024. The company is the second-highest-ranked Virginia-based company on the 2025 Fortune 500.