1. Raytheon conducted 10 successful subsystem tests for NGSRI. 2. The NGSRI will replace the Stinger missile, enhancing short-range defense. 3. Feedback from U.S. Army soldiers will guide further development. 4. Raytheon's NGSRI leverages 60 years of expertise in missile systems. 5. Company's advanced manufacturing accelerates production while meeting performance requirements.
Successful demonstrations increase confidence in future contracts, potentially boosting RTX's revenue.
The successful tests may lead to significant defense contracts, influencing RTX's market position.
Development of NGSRI will take time; revenue impacts may be gradual following contract awards.
TUCSON, Ariz., Feb. 18, 2025 /PRNewswire/ --
Raytheon, an RTX (NYSE: RTX) business, announced a series of 10 successful subsystem demonstrations for the U.S. Army's Next-Generation Short-Range Interceptor (NGSRI), which will eventually replace the Stinger® surface-to-air missile.
"These successful subsystem demonstrations are a crucial step in meeting the U.S. Army's range and performance requirements for this transformational short-range air defense capability," said Tom Laliberty, president of Land & Air Defense Systems at Raytheon. "We are confident in our ability to rapidly deliver the Army an affordable, low-risk, highly producible NGSRI solution."
Over the past several months, the Raytheon industry team completed all 10 of their subsystem tests, each critical to ensuring alignment with the Army's system performance requirements for NGSRI. Notable tests include:
The next phase of the program focuses on soldier touchpoint exercises, where U.S. Army soldiers and Marines will directly interface with Raytheon's NGSRI solution and provide real time feedback. A system flight test demonstration is also scheduled for later this year.
Raytheon's NGSRI leverages more than 60 years of mission area expertise to develop this advanced missile for the U.S. Army and Marine Corps. The company's modern system design and engineering practices leverage advanced manufacturing techniques to increase production speed, while meeting or exceeding customer performance requirements.
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 corporatepr@rtx.com.
SOURCE RTX