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In October 2014, Raytheon beat rivals Lockheed Martin and Northrop Grumman for a contract to build 3DELRR, a next-generation long-range radar system, for the US Air Force worth an estimated $1 billion. [24] The contract award involved the construction of next-generation radar that can track aircraft, missiles, and remotely piloted aircraft. [25]
AN/SPY-6 system overview. In October 2013, "Raytheon Company (RTN) [was] awarded an almost $386m cost-plus-incentive-fee contract for the Engineering and Manufacturing Development (EMD) phase design, development, integration, test, and delivery of Air and Missile Defense S-band Radar (AMDR-S) and Radar Suite Controller (RSC)."
Raytheon's (RTN) radar system helps in the suppression of enemy air defenses and provides enhanced spectral and spatial coverage for high-sensitivity detection in dense signal environments.
The Multi-Platform Radar Technology Insertion Program (MP-RTIP), is a U.S. Air Force project led by contractor Northrop Grumman to develop the next generation of airborne air-to-air and air-to-ground radar systems. While initially planned for multiple platforms, the MP-RTIP is currently intended only for the RQ-4B Global Hawk UAV.
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In the latest trading session, Raytheon Technologies (RTX) closed at $81.11, marking a -0.67% move from the previous day.