1. Raytheon awarded a $74 million contract for RAM missile systems. 2. Largest U.S. RAM launcher order in over two decades. 3. Work to be done primarily in Louisville, Kentucky, by 2028. 4. System modernizes ship defense for U.S. Navy's naval assets. 5. RTX's projected sales for 2024 exceed $80 billion.
Raytheon's significant contract and production focus indicates strong revenue prospects. Historical performance shows contracts enhance stock value amid increased defense spending.
The contract's size and strategic importance signal a robust future for RTX in defense. The growing need for advanced military solutions underlines its impact.
Contract completion expected by 2028 aligns with ongoing defense expenditure growth. The defense modernization trend suggests continued relevance and demand.
LOUISVILLE, Ky., July 14, 2025 /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.
Raytheon, 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.
RTX 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