Raytheon delivered JPALS to Navy ahead of schedule

By Audrey Decker / January 25, 2022 at 10:57 AM

Raytheon Technologies delivered the first low-rate initial production Joint Precision Approach and Landing System to the Navy ahead of schedule this quarter, Greg Hayes, the company's chief executive officer, said during today's earnings call.

“Through strong program execution and [Raytheon Intelligence & Space], the Joint Precision Approach and Landing System program completed delivery on the first LRIP units 60 days ahead of schedule,” Hayes said. “This achievement has given the Navy the confidence to certify JPALS on the CVN carrier and two amphibious ship classes.”

JPALS, a GPS-based aircraft landing system, reached initial operational capability in May last year.

The Raytheon Missiles & Defense "team also successfully completed the initial integration of the SPY-6 radar on the USS Jack Lewis [DDG-125] in the quarter,” Hayes said. “This is the first time power was simultaneously applied to the entire radar system, completing a critical milestone for integration on the ship, its combat system and the SPY-6 radar.”

During the last quarter of 2021, Raytheon was awarded $729 million for two Standard Missile-2 production contracts for the U.S. Navy and international customers, according to the company’s 2021 earnings report.

The company was also awarded $269 million for the Evolved Seasparrow Missile for the Navy and international customers and $227 million for the Next Generation Jammer Mid-Band for the Navy, according to the report.

Looking ahead, the company is monitoring the continuing resolution the Defense Department is operating under and inflation numbers and still expects growth in the coming year, according to Neil Mitchill, Raytheon’s chief financial officer.

“On the defense side, we expect continued organic growth in 2022 as we deliver on our $63 billion backlog, continued bipartisan support for the fiscal 2022 defense budget and international demand for our products and technologies,” Mitchill said.