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RTX's Raytheon awards dual-source contracts for solid rocket motor development

1. Raytheon awarded contracts to expand MK72 rocket motor development. 2. Contracts enhance capacity to meet growing defense system demand. 3. The goal is to validate capabilities of new suppliers for future expansion. 4. RTX's revenue is expected to grow with improved supply chain management. 5. Strategic investments aim to reduce risk and increase delivery speed.

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Why Bullish?

The contracts signal increased operational capacity, likely enhancing RTX's revenue projections, similar to prior developments that led to stock price increases.

How important is it?

The article discusses contracts potentially enhancing RTX's capacity, aligning with strategic growth initiatives.

Why Long Term?

Investments in suppliers ensure sustained demand fulfillment, correlating with long-term revenue growth patterns observed in defense sectors.

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Awards expand supplier base to better meet growing customer demand , /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has awarded contracts to Nammo and Northrop Grumman for initial phase work on MK72 solid rocket motor development. "These contracts are an important step toward increasing capacity and source options to meet global demand for critical defense systems, such as Standard Missile," said Barbara Borgonovi, president of Naval Power at Raytheon. "In addition to dual sourcing, we're doubling down with support and oversight of our supply base and making strategic investments to address constraints and reduce risk so we can deliver more capabilities, faster." Under the contracts, the companies will verify design requirements and specifications and will complete a Systems Requirements Review to further refine and validate design concepts. The goal of this initial phase is to demonstrate that these suppliers can successfully execute the requirements and production ramp-up needed before moving forward with further development and qualification. By leveraging both suppliers' expertise and proven capabilities, Raytheon aims to expand the solid rocket motor supplier base and reliably fulfill customer needs. 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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