Raytheon, a business of RTX (NYSE: RTX), has received a $590 million follow-on production contract from the U.S. Navy for the Next Generation Jammer Mid-Band (NGJ-MB) system. Developed in collaboration with the Royal Australian Air Force (RAAF), the NGJ-MB program includes both development and production phases. The contract covers the delivery of system shipsets, support equipment, spare parts, and non-recurring engineering support.
