Raytheon Secures $580 Million Contract for Naval Electronic Warfare Upgrade

Raytheon, a division of RTX (NYSE: RTX), has received a substantial $580 million contract from the U.S. Navy to advance its Next Generation Jammer Mid-Band (NGJ-MB) system. This award will enable the production of additional pod shipsets, spares, and specialized support equipment for deployment on EA-18G Growler aircraft. Collaboration with the Royal Australian Air Force highlights the importance of international partnerships in defense technology development.