
The Navy awarded RTX [RTX] a $678 million modification on June 7 to exercise options for additional AN/SPY-6(V) radar hardware production. The company underscored this is the third option under a March 2022 contract that could be worth upward of $3 billion total when all options are exercised. This specific award will have the company provide the Navy with seven more SPY-6 radars, increasing the total numbers under contract to 38, RTX said. The SPY-6 radar provides increased capability for…