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RTX's Raytheon awarded $74 million U.S. Navy contract for RAM Guided Missile Launching System

1. Raytheon secures a $74 million Navy contract for RAM systems. 2. Largest U.S. RAM launcher order in over two decades announced. 3. New systems and upgrades will enhance naval defensive capabilities. 4. Work primarily in Louisville, Kentucky, completion expected by 2028. 5. RTX continues to modernize production capacity amid global demand.

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FAQ

Why Bullish?

The significant contract demonstrates strong demand and revenue growth potential, reminiscent of RTX's past success during defense budget increases. Historical patterns show similar contracts positively affecting stock prices, as was seen after large contracts in prior years.

How important is it?

The contract is crucial for demonstrating RTX's capabilities and securing future opportunities in military contracts, enhancing investor confidence.

Why Long Term?

The multi-year nature of the contract and expected involvement in ongoing defense budgets ensures prolonged revenue impacts for RTX, as seen from similar long-term contracts historically aiding stock stability and growth.

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System is the world's most modern short range ship self-defense weapon , /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $74 million contract to produce RAM Guided Missile Launching Systems (GMLS) for the U.S. Navy. Under the contract, Raytheon will provide several new launcher systems, refurbishments on current systems, and hardware required to support upgrades as well as various spares. "This contract marks the largest single order of U.S. RAM launchers in over two decades and will ensure our naval assets remain well-protected against anti-ship threats," said Barbara Borgonovi, president of Naval Power at Raytheon. "Our continued investment in modernizing production capacity enables us to meet the growing global demand for the world's most modern short range ship self-defense weapon system." Celebrating its 50th anniversary next year, the RAM weapon system – which consists of the RAM launcher and missiles – is a bilateral partnership between the U.S. and Germany with Raytheon serving as a prime contractor for U.S. Navy requirements. The system is currently deployed on more than 165 ships in 11 countries ranging from fast patrol boats to aircraft carriers and is being installed on several new U.S. Navy ship classes, including the Arleigh Burke class of guided-missile destroyers. Majority of work under this contract will be performed in Louisville, Kentucky and is expected to be completed by 2028. About RaytheonRaytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies and partners defend their national sovereignty and ensure their security. For more than 100 years, Raytheon has developed new technologies and enhanced existing capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics and missile defense across land, air, sea and space. About RTXRTX is the world's largest aerospace and defense company. With more than 185,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems for operational success, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2024 sales of more than $80 billion, is headquartered in Arlington, Virginia. For questions or to schedule an interview, please contact [email protected]. SOURCE RTX WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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