Raytheon Company

Raytheon Company, operating through its Hris Corp Division and doing business as Raytheon, is a large prime defense contractor delivering progressive microelectronic capability solutions, radar modernization, system integration, and advanced technology engineering services across the Department of Defense on a full-and-open, non-set-aside basis. The company competes exclusively as a prime contractor (100% of 787 awards in the source footprint) with no subcontractor role, with work spanning microelectronics design, development, fabrication, integration, and sustainment for defense weapon systems modernization and counter-unmanned aircraft system development.

Raytheon's customer concentration is heavily skewed toward the Defense Microelectronics Activity (DMEA), which accounts for 119 awards and $43.25 billion in combined potential value—85% of the total portfolio. The next tier of customers—Department of the Army Acquisition Support Center PEO Missiles and Space (70 awards, $3.4 billion), Department of the Navy Information Warfare Systems Command (10 awards, $434.8 million), Naval Air Systems Command (52 awards, $412.2 million), and Air Force Materiel Command Air Force Sustainment Center (61 awards, $367.5 million)—collectively represent 9% of combined potential value. The customer base spans 69 distinct federal agencies, but DMEA represents such dominant share that recompete exposure and pipeline opportunity track almost entirely with DMEA's vehicle renewals.

Raytheon's work flows through two primary parent vehicles. The Advanced Technology Support Program III (ATSP III) carries 383 task orders valued at $2.02 billion in combined potential value, while the newer Advanced Technology Support Program IV (ATSP IV), a multiple-award indefinite delivery contract issued April 1, 2026, with a $25.357 billion ceiling through December 29, 2035, anchors 290 task orders valued at $5.47 billion. Raytheon also sits on Indefinite Delivery Contract FA852215D0004 (101 task orders, $91 million) and the recently awarded Advanced Technology Support Program V (ATSP V), a $25.357 billion multiple-award vehicle also issued April 1, 2026, through which Raytheon has received initial delivery orders totaling $92.5 million across six task orders. Task orders under these vehicles target specific Defense Department components—Naval Sea Systems Command, Naval Air Systems Command, Program Executive Office for Missiles and Space, Naval Information Warfare Systems Command, US Cyber Command, Air Force Research Laboratory, and Army Research Development and Engineering Command—for radar enhancements, counter-UAS modernization, electronic warfare system integration, and microelectronic obsolescence resolution.

Raytheon's award portfolio is concentrated in engineering services (684 awards) and search, detection, navigation, guidance, and aeronautical system manufacturing (102 awards), with primary PSC codes reflecting R&D for defense electronics and communication equipment across advanced development, engineering development, and experimental phases. Recent representative prime work includes a $262.996 billion delivery order from PEO Missiles and Space (September 2025) for sense and intercept equipment enhancement under ATSP IV; a $158.96 million order from PEO Missiles and Space (September 2023) for Enhanced Coyote Block 2 interceptor prototype design, development, and procurement under ATSP IV; a $146.8 million Army award (September 2024) for Excalibur IB guided artillery round receiver obsolescence and M-Code/GEA integration under ATSP IV; a $90.7 million Naval Information Warfare Systems Command delivery order (September 2025) for mobile obsolescence and production readiness microelectronic solutions under ATSP IV; and a $77.78 million PEO Missiles and Space contract (September 2022) for Patriot air and missile defense system ground segment software and algorithm enhancement.

Activity has remained flat to slightly declining over the past five years (23 awards in 2022, declining to 12 in 2026 year-to-date), but the source covers only a partial-year 2026 snapshot. Thirty-five awards carrying combined potential value of $1.65 billion reach ultimate completion within the next twenty-four months, creating substantial recompete exposure under ATSP III and ATSP IV vehicles, particularly as DMEA's leadership of the portfolio means recompete opportunities cluster around DMEA-administered vehicles. Raytheon brings extensive subcontractor network depth to its delivery, regularly engaging specialized suppliers such as Honeywell International, Qorvo, Times Microwave Systems, Wind River Systems, L3Harris Fuzing and Ordnance Systems, and numerous small and minority-owned businesses for RF semiconductors, cable assemblies, circuit card manufacturing, fuzing systems, and software development, reflecting the multi-disciplinary integration required for advanced microelectronic modernization programs. The company's parent entity is Raytheon Technologies Corporation (RTX Corp), a major aerospace and defense industrial base player.