The Navy awarded Raytheon Technologies a $619 million contract option to continue producing the AN/SPY-6(V) family of radar systems, according to a Wednesday company announcement.
The award marks the second option exercised by the Navy on a contract that could be worth as much as $3.2 billion over five-years.
Raytheon was awarded the initial contract in March 2022 to produce SPY-6 radar variants for seven different types of Navy ships.
If all options are exercised, the company would outfit a total of 31 ships with SPY-6 variants, including Flight III Arleigh Burke-class destroyers, Constellation-class frigates and both Ford- and Nimitz-class carriers.
SPY-6 was designed to simultaneously defend against aircraft, surface ships and ballistic and cruise missile threats. According to Raytheon’s announcement, the system improves upon legacy radar systems with greater range, increased sensitivity and improved accuracy.
A separate Navy contract announcement states that work is expected to conclude by September 2026.