RTX (NYSE: RTX) shares moved forward Wednesday, as the RTX business announced it has been selected by the German government to provide the Raytheon-built SPY-6(V)1 radar for installation on eight of its F127 frigates under a requested foreign military sales contract with the U.S. Navy.
The contract, which would also include comprehensive support and services to adapt the radar to the ship's design, will make Germany the first international customer for SPY-6.
SPY-6(V)1 features four array faces – each equipped with 37 radar modular assemblies – providing continuous, 360-degree situational awareness. It is part of the U.S. Navy's SPY-6 family of radars that performs air and missile defense on seven classes of ships and is a giant leap in capability for the fleet.
"Germany's selection of SPY-6 reaffirms the global confidence in the radar's advanced capabilities and its critical role in enhancing naval defense," said Barbara Borgonovi, president of Naval Power at Raytheon.
"Integrating the radar on F127 frigates will provide the German Navy with a multi-mission solution that enables faster and more informed decision-making at sea."
SPY-6 is the most advanced, most tested maritime radar in the world. It is one of several radar programs designed and manufactured at Raytheon's Radar Development Facility in Andover, Mass., a 30,000-square-foot site supporting the production of diverse types of radars for U.S. and allied forces.
RTX shares added 69 cents to $169.94.
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