Raytheon Company

Raytheon Company, doing business as Raytheon and headquartered in Arlington, Virginia (with major operations in McKinney, Texas), is a manufacturer of defense electronics, advanced sensor systems, and aircraft components that operates as a prime contractor on a portfolio heavily weighted toward full-and-open competition with the Department of Defense. The company is a large, for-profit aerospace and defense manufacturer with no SBA set-aside designations; 98% of its recent awards are prime contracts, and it competes across unrestricted federal procurements rather than carving out a dedicated small-business footprint.

Raytheon's capability portfolio centers on electro-optical and infrared sensor systems, radar and targeting platforms, circuit card assemblies, power supplies, and thermal imaging components for military aircraft, naval platforms, and ground combat systems. Representative prime work includes a $1.05 billion definitive contract for F-22 Sensor Enhancements (SEE) awarded by the Air Force Aeronautical Systems Center in August 2024; a $271.4 million Silent Knight Radar (SKR) systems contract for Foreign Military Sales through U.S. Special Operations Command awarded in December 2023; a $165.2 million Third Generation Forward Looking Infrared B-Kit low-rate production award from PEO Intelligence Electronic Warfare & Sensors in June 2023; and a $142.9 million P-8A Lot 13 APY-10 radar systems materials contract from Naval Air Systems Command in June 2024. Across the portfolio, Raytheon delivers circuit card assemblies, optical and electromechanical components, antenna control systems, and integrated logistics support for platforms including the F-16, F-15E, MQ-9 Reaper, P-8A Poseidon, V-22 Osprey, and H-60/H-53 helicopters.

Customer concentration is moderate but tilted toward naval and air force logistics and component sustainment. The Department of the Navy Naval Supply Systems Command alone accounts for 1,030 awards (51% of the tracked award count) with $3.9 billion in combined potential value, driven by high-volume delivery orders for circuit card assemblies, power supplies, and repair parts. The Air Force Aeronautical Systems Center drives 48% of the combined potential value across just 104 awards ($5.65 billion), reflecting its role as the prime customer for major platform modernization efforts like the F-22 SEE program. The Army's Acquisition Support Center PEO Intelligence, Electronic Warfare & Sensors represents $4.18 billion across 58 awards, anchored by CITV (Commander's Independent Thermal Viewer) thermal imaging systems and Common Sensor Payload work. This concentration—Naval Supply Systems Command's numerous small-to-medium orders versus the Air Force's large platform upgrade contracts—reflects Raytheon's dual role in component production and systems integration.

Raytheon holds multiple indefinite delivery vehicles across the federal enterprise. The top parent vehicles by task-order volume include the Basic Ordering Agreement SPRPA114G001X (277 task orders, $335.9 million), the Indefinite Delivery Contract SPRPA109G001X (222 task orders, $151.3 million), Naval Supply Systems Command IDC N0038302G018A (180 task orders, $14.2 million), Air Force IDIQ FA825112D0001 (147 task orders, $28.2 million), and Air Force IDIQ FA821205D0029 (139 task orders, $13.9 million). Named IDIQs include single-award vehicles with NAVSEA (Basic Ordering Agreement for sustainment and engineering services, $89.98 billion ceiling through February 2030), NASA Ames Research Center (advanced R&D, $15 million through September 2028), and U.S. Special Operations Command (SKR Sustainment IDIQ, $293 million through June 2030). The company also holds a $293 million single-award indefinite delivery contract directly under SOCOM for Silent Knight Radar support services, cost-plus-fixed-fee, demonstrating sustained program management and engineering capability for a mature Major Capability Acquisition platform.

Activity has grown modestly from 49 awards in 2022 to 78 in 2025; through mid-2026, 14 awards have been recorded to date. Eighty-eight awards face ultimate completion in the next twenty-four months, representing $1.5 billion in combined potential value—a moderate recompete cliff concentrated in circuit card assembly, power supply, and thermal imaging refresh orders. The portfolio's primary exposure is the Naval Supply Systems Command's ongoing delivery order stream; any material slowdown in depot-level sustainment orders would compress near-term revenue visibility.

Raytheon operates as a prime on 98% of its awards and rarely subcontracts. The Service Contract Inventory captures $54.1 million in invoiced federal service revenue across FY2022–FY2024 (6.5, 13.3, and 32.7 FTEs respectively), with median government-paid hourly rates around $483.83/hr and a range from $459/hr to $618/hr, indicating a mix of engineering, logistics, and technical labor at professional-grade pricing typical of aerospace-defense vendors. SCI data shows minimal subcontractor hour-share, consistent with Raytheon's posture as a vertically integrated manufacturer. When Raytheon does subcontract on its prime awards, named subs include Benchmark Electronics (circuit card assemblies), Jabil Defense & Aerospace Services (custom assemblies and NRE), Pioneer Circuits (flex assemblies), Moog Inc. (electromechanical components), and Janos Technology and G5 Infrared (infrared lenses and optical assemblies). Conversely, Raytheon appears as a named subcontractor to Boeing (on numerous sustainment orders for naval and airborne systems), Northrop Grumman (P-3 aircraft maintenance), General Atomics (MQ-9 Reaper logistics), and Sierra Nevada Company (BIG SAFARI work), typically providing component-level repair, depot maintenance, or technical support rather than acting as a full-service prime.

The top NAICS codes in the portfolio reflect the hardware-centric scope: Other Aircraft Parts and Auxiliary Equipment Manufacturing (1,351 awards), Search/Detection/Navigation Guidance Aeronautical Systems (775 awards), and Bare Printed Circuit Board Manufacturing (272 awards). PSC codes align with that profile: Miscellaneous Aircraft Accessories (453 awards), Electrical and Electronic Assemblies (378 awards), and Radar Equipment Airborne (235 awards). Raytheon does not compete predominantly in service-intensive or software-only categories; its footprint is dominated by component production, sustainment, and integration. The company's corporate structure includes Raytheon Applied Signal Technology Inc. and Photon Research Associates Inc. as named subsidiaries, though the source does not clarify distinct capability delineations or subsidiary-level customer relationships; the primary acting party for federal contracting remains Raytheon Company proper.