RTX Lands $677M Navy Contract Option for SPY-6 Radar Production; Barbara Borgonovi Quoted

RTX (NYSE: RTX) business Raytheon has secured a potential $677 million contract modification from the U.S. Navy to manufacture AN/SPY-6(V) radars for the service branch. The award marks the third option the Navy exercised under a potential $3.2 billion contract issued in 2022 for SPY-6 radar hardware, production and sustainment support services and will facilitate

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