Raytheon Books $243M MDA Contract Modification for AN/TPY-2 Missile Defense Radar Production

Raytheon Technologies (NYSE: RTX) has received a $243.2 million contract modification from the Missile Defense Agency for the delivery of one AN/TPY-2 radar designed for detecting ballistic missiles and guiding the Terminal High Altitude Area Defense system to help it shoot down the threat.

The award raised the contract’s total cumulative face value from $1 billion to $1.24 billion, the Department of Defense said Wednesday.

As the contracting activity, Redstone Arsenal, Alabama-based MDA is obligating $113.2 million from fiscal 2021 procurement funds at the time of award.

Work under the contract modification will run through Dec. 31, 2024.

The AN/TPY-2 is capable of discriminating ballistic missiles from launch debris and other non-threats because the missile defense radar operates in the X-band spectrum.

In 2020, Raytheon secured contracts under the Foreign Military Sales program for the production of THAAD radars and a range of sustainment work.

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