Monitor future modifications and task orders under the SPY-6 program for additional funding; the contract period extends through FY25, providing multi-year revenue visibility. No immediate stock-moving catalyst beyond the scale of the award.
Price Chart
Executive Summary
The Department of Defense awarded a $1.81 billion contract modification to Raytheon Company (a subsidiary of RTX Corp) for SPY-6(V) hardware, production, and sustainment. This represents approximately 2.05% of RTX's annualized revenue, a notable addition to its backlog in a key defense program.
Key Financial Metrics
Key Facts
- Modification P00040 to contract N0002422C5500 valued at $1,809,613,484.55
- Awarded by the Department of Defense to Raytheon Company, a subsidiary of RTX Corp
- Covers SPY-6(V) hardware, production, and sustainment (HPS) for FY21-FY25
- Award amount equals approximately 2.05% of RTX's annualized revenue of $88.4 billion
Financial Impact
$1.81 billion modification to an existing contract, representing ~2.05% of annualized revenue
Risk Factors
- Government funding risk under continuing resolutions or sequestration
- Execution risk on production and sustainment milestones
- Potential for protest or recompete on future SPY-6 increments
Investment Themes
Documents Analyzed
This report is based on 1 federal contract record from official U.S. government contract data.
| Document | Accession Number |
|---|---|
| GOVT-CONTRACT Data (Synthetic) | contract-N0002422C5500 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 6d ago | GOVT-CONTRACT | $191.01 | awaiting T+5 | — | $197.48 (+3.39%) |
Oct 21, 2026 7d ago | GOVT-CONTRACT | $194.71 | awaiting T+5 | — | $197.48 (+1.42%) |
Oct 20, 2026 7d ago | 8-K | $193.34 $196.76 | ▲ +1.77% | ▲ +1.74% | $197.48 (+2.14%) |
Oct 20, 2026 7d ago | Press Release | $193.34 $194.60 | ▲ +0.65% | ▲ +0.57% | $197.48 (+2.14%) |
Oct 16, 2026 11d ago | Institutional Cluster | $192.11 $197.48 | ▲ +2.80% | ▲ +2.94% | $197.48 (+2.80%) |
Oct 13, 2026 15d ago | GOVT-CONTRACT | $186.47 $191.60 | ▲ +2.75% | ▲ +2.30% | $197.48 (+5.90%) |
Oct 12, 2026 15d ago | Press Release | $186.66 $192.11 | ▲ +2.92% | ▲ +4.41% | $197.48 (+5.80%) |
Oct 1, 2026 26d ago | Press Release | $184.68 $185.97 | ▲ +0.70% | ▼ −0.46% | $197.48 (+6.93%) |
Sep 28, 2026 29d ago | Press Release | $186.94 $183.29 | ▼ −1.95% | ▼ −3.90% | $197.48 (+5.64%) |
Sep 28, 2026 4w ago | Court Ruling | $186.94 $183.29 | ▼ −1.95% | ▼ −3.90% | $197.48 (+5.64%) |
US Market Status
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