US Navy awards Raytheon Missiles & Defense up to $1.68 billion for Zumwalt destroyer engineering services

Rhea-AI Summary

The U.S. Navy has awarded Raytheon Missiles & Defense, a subsidiary of Raytheon Technologies (RTX), a contract worth $483 million for activation, sustainment, and modernization services. If options are exercised, the total could reach $1.68 billion over five years. The contract includes support for the Zumwalt-class destroyers, focusing on engineering, cyber protection, software upgrades, design, system integration, and training. This reinforces Raytheon's role as a key systems integrator in advanced military capabilities.

Positive

• Contract awarded for $483 million with potential growth to $1.68 billion over five years.
• Supports activation and modernization of Zumwalt-class destroyers, enhancing military capabilities.
• Broad range of services including engineering, cyber protection, and software upgrades.

Negative

• None.

TUCSON, Ariz., April 20, 2022 /PRNewswire/ -- The U.S. Navy awarded Raytheon Missiles & Defense, a Raytheon Technologies (NYSE: RTX) business, an activation, sustainment, and modernization contract for $483 million with options, if exercised, totaling $1.68 billion across five years.

Under this contract, Raytheon Missiles & Defense will provide the U.S. Navy services and professionals to complete the activation and fleet introduction of the three Zumwalt-class destroyers, while continuing to develop technology and warfare capabilities.

"This contract underscores our role as a systems integrator, which goes beyond offering customers weapons and radars," said Wes Kremer, president of Raytheon Missiles & Defense. "Our team provides Zumwalt destroyers extensive support, from engineering and cyber protection to software development and upgrades."

Additional services will include design, integration, test and evaluation, system upgrade and replacement, logistics product development, configuration management, and training systems.

The Zumwalt-class destroyers recently achieved initial operational capability in December 2021, with the inaugural fleet employment of USS Zumwalt scheduled for later this year.

For more information on this contract click here.

About Raytheon Technologies
Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With four industry-leading businesses ― Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ― the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts.

Media Contact
Tara Wood
rmdpr@rtx.com

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SOURCE Raytheon Missiles & Defense

FAQ

What is the value of the contract awarded to Raytheon Technologies by the U.S. Navy?

The contract is valued at $483 million, with options totaling up to $1.68 billion.

What will Raytheon provide under the Navy contract for the Zumwalt-class destroyers?

Raytheon will provide services for activation, sustainment, and modernization, including engineering, cyber protection, and software upgrades.

When did the Zumwalt-class destroyers achieve initial operational capability?

The Zumwalt-class destroyers achieved initial operational capability in December 2021.

How long is the contract period for the Navy award to Raytheon?

The contract spans five years.