Raytheon secures $74 million in defense contracts for radar and engines

Investing.com -- Raytheon (NYSE: RTX) has been awarded two defense contracts totaling $74.25 million for radar components and aircraft engine services.

The U.S. Department of War awarded Raytheon Co. a $43.25 million firm-fixed-price contract to supply 2,175 transmit/receive integrated multichannel modules for the SPY-6 Air and Missile Defense Radar System. The work will be performed in Andover, Massachusetts, with completion expected by September 2028.

The contract was awarded as a sole-source procurement under 10 U.S. Code 3204(a)(1), with Naval Supply Systems Command Weapon Systems Support in Mechanicsburg, Pennsylvania serving as the contracting activity. The full contract amount will be funded using fiscal 2025 Navy working capital funds.

In a separate award, Raytheon Technologies Corp., operating as Pratt & Whitney, received a $31 million task order for F139 Phase Two Year Four work. This contract covers engineering services and non-recurring engine repair.

The engine work will be performed across multiple locations including East Hartford, Connecticut; Travis Air Force Base, California; Seymour Johnson AFB, North Carolina; McConnell AFB, Kansas; Joint Base McGuire–Dix–Lakehurst, New Jersey; Altus AFB, Oklahoma; and Tinker AFB, Oklahoma. The project is scheduled for completion by September 22, 2026.

The Pratt & Whitney contract was also awarded through a sole source acquisition, with fiscal 2025 operations and maintenance funds being fully obligated at the time of award. Tinker AFB in Oklahoma is managing this contract.

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