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Raytheon wins $1.8B contract extension for advanced SPY-6 naval radars, boosting U.S. Navy defense capabilities.

Market News
21 Jul 2026
PRNewsWire
View Source
Bullish
pluang ai news

Raytheon has secured a $1.8 billion contract extension to produce SPY-6 radars for the U.S. Navy, with potential total value reaching $3.3 billion if options are exercised. The SPY-6 radar, already installed on 13 Navy ships and tested at sea, will be deployed on over 50 ships in the next decade, enhancing the Navy's sensing and defense capabilities. Raytheon has invested over $800 million to upgrade its manufacturing facilities and plans to double production by 2028, supporting long-term availability and cost reduction. The company is also expanding its engineering workforce to sustain this critical program.

More News (RTX)

Collins Aerospace and Etihad Engineering form JV to expand aircraft MRO services in Abu Dhabi.

Collins Aerospace and Etihad Engineering form JV to expand aircraft MRO services in Abu Dhabi.

Collins Aerospace and Etihad Airways Engineering have formed a joint venture to provide maintenance, repair, and overhaul (MRO) services for Airbus A350 and Boeing 787 widebody aircraft in Abu Dhabi. The JV will relocate Collins' nacelle operations t...

Company Fundamentals
Bullish
4 hours ago
Tigerair Taiwan orders 15 Airbus A321neos with fuel-efficient Pratt & Whitney GTF engines.

Tigerair Taiwan orders 15 Airbus A321neos with fuel-efficient Pratt & Whitney GTF engines.

Tigerair Taiwan has signed a Memorandum of Understanding with Pratt & Whitney to equip 15 Airbus A321neo aircraft with GTF engines, including four firm and 11 leased planes. Pratt & Whitney will also provide a 12-year EngineWise maintenance service a...

Market News
Bullish
4 hours ago
Pratt & Whitney Canada invests CAD 275M to upgrade Longueuil manufacturing site

Pratt & Whitney Canada invests CAD 275M to upgrade Longueuil manufacturing site

Pratt & Whitney Canada is investing CAD 275 million to enhance its manufacturing operations at the Longueuil, Quebec facility, its largest site with nearly 4,500 employees. The investment, supported by Canadian and Quebec government agencies, will ad...

Company Fundamentals
Bullish
6 hours ago
Ground testing begins for RTX's hybrid-electric aircraft engine in Quebec, aiming for 30% fuel savings.

Ground testing begins for RTX's hybrid-electric aircraft engine in Quebec, aiming for 30% fuel savings.

Pratt & Whitney Canada has started ground testing the flight-standard hybrid-electric propulsion system and propeller for the RTX Hybrid-Electric Flight Demonstrator in Quebec. This system combines a thermal engine with a 1-megawatt electric motor to...

Market News
Bullish
8 hours ago
BOC Aviation orders 220 Pratt & Whitney GTF engines for 110 Airbus A320neo jets, boosting fuel efficiency.

BOC Aviation orders 220 Pratt & Whitney GTF engines for 110 Airbus A320neo jets, boosting fuel efficiency.

BOC Aviation has placed an order for up to 220 Pratt & Whitney GTF engines to power 110 Airbus A320neo family aircraft, marking its largest order with the engine maker. The GTF engines offer 20% lower fuel consumption and significantly reduced noise,...

Market News
Bullish
10 hours ago
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