Rtx's Raytheon Gets $1.8 Billion Contract Extension from U.S. Navy

Dow Jones

07/21

RTX subsidiary Raytheon said the U.S. Navy has awarded it a $1.8 billion contract extension for its SPY-6 radars.

The deal builds on an initial hardware production and sustainment contract awarded back in March 2022. Options on the contract, if exercised, would bring the overall contract value to $3.3 billion.

Raytheon's SPY-6 radars are now on two commissioned U.S. Navy ships and has been installed on 11 others that are undergoing various stages of testing.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

July 21, 2026 08:50 ET (12:50 GMT)

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