RTX subsidiary wins $646M contract modification

Raytheon, a subsidiary of Arlington County-based Fortune 500 aerospace and defense contractor RTX, has been awarded a $646 million contract modification to continue producing the AN/SPY-6(V) family of radars for the U.S. Navy.

The modification is the fourth option exercised from a potential $3.16 billion hardware, production and sustainment contract that the Navy awarded in March 2022. Under the contract, the Navy will receive four additional radars, increasing the total number of radars under contract for procurement to 42.

“SPY-6 enables the U.S. Navy to see further than they’ve ever seen before, providing sailors with more time to respond to detected threats,” said Barbara Borgonovi, president of naval power at Raytheon, in a statement. “This latest contract builds on our decades of experience and technical expertise in developing modular, scalable and highly maintainable radars.”

The SPY-6 family of radars performs air and missile defense on seven classes of ships. Some of the advantages over legacy radars, according to RTX, include greater detection range, increased sensitivity and more accurate discrimination. The company says it can simultaneously defend against ballistic missiles, cruise missiles, hypersonic missiles, hostile aircraft and surface ships.

The majority of the work in the contract will take place at Raytheon’s radar development facility in Andover, Massachusetts, through 2028.

RTX has more than 185,000 employees globally and reported more than $80.73 billion in 2024 sales. The contractor is the second highest ranked Virginia-based company on the 2025 Fortune 500.