The U.S. Space Force awards Raytheon a $309.5M deal to digitize and upgrade ground-based radar systems.
Raytheon Technologies (RTX) secured a $309.5M firm-fixed-price agreement to modernize ground-based radar systems for the U.S. Space Force. The contract focuses on digitization and creating a common architecture for radar upgrades.
The deal follows ongoing defense modernization efforts, with prior contracts emphasizing interoperability and advanced surveillance capabilities. Work will be performed in Woburn, Massachusetts, though timelines and specific deliverables remain undisclosed.
No immediate market reaction was reported, but the contract reinforces RTX’s position in defense technology procurement.