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Raytheon

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Raytheon Unveils Rocket-Powered Coyote Block 2C+RM to Counter Jet-Propelled Drones
defense8 days ago

Raytheon Unveils Rocket-Powered Coyote Block 2C+RM to Counter Jet-Propelled Drones

Raytheon has unveiled the Coyote Block 2C+RM, a new counter-drone interceptor that replaces the existing turbojet engine with a solid rocket motor. Announced at the Association of the U.S. Army convention, the system features upgraded seeker and warhead capabilities designed to intercept faster, jet-powered one-way attack drones. The new variant is compatible with existing launchers and is currently in the testing phase, with no formal procurement contracts yet finalized.

Pentagon Awards Raytheon $6.3B Contract to Scale SM-3 Interceptor Production

Pentagon Awards Raytheon $6.3B Contract to Scale SM-3 Interceptor Production

The U.S. Department of War has awarded Raytheon a multi-year contract worth up to $6.3 billion to produce Standard Missile-3 Block IB interceptors. The deal, valued at $4.4 billion for the base period with options for an additional $2 billion, aims to replenish missile defense inventories and break manufacturing bottlenecks. Production will occur in Tucson, Arizona, and Huntsville, Alabama, through 2034.

Pentagon Awards Raytheon $20.7B to Double AMRAAM Output
defense20 days ago

Pentagon Awards Raytheon $20.7B to Double AMRAAM Output

The U.S. Department of Defense awarded Raytheon a multiyear contract worth up to $20.7 billion to nearly double production of Advanced Medium-Range Air-to-Air Missiles (AMRAAM). The deal, part of the 'Arsenal of Freedom' initiative, aims to replenish stockpiles depleted by recent conflicts and support allies. While the contract was signed in September, full funding remains pending congressional approval, raising concerns about industry investment delays.

Pentagon cancels GPS OCX after 16-year, multibillion-dollar struggle
defense6 months ago

Pentagon cancels GPS OCX after 16-year, multibillion-dollar struggle

The Pentagon terminated the Global Positioning System Next-Generation Operational Control System (OCX) after years of delays and cost overruns, saying continuing was no longer the best path for GPS capabilities. The Space Force will instead upgrade the legacy GPS ground control system to support newer features like the M-code signals, while RTX (Raytheon) delivered OCX in 2025 but will shift to post-delivery support. The move accompanies ongoing GPS III/IIIF satellite operations and a recent $105 million contract to Lockheed Martin for ground-system upgrades, signaling a pivot toward incremental improvements rather than a single all-encompassing system.

Tomahawk Surge Drains U.S. Stockpiles in Iran Conflict
defense6 months ago

Tomahawk Surge Drains U.S. Stockpiles in Iran Conflict

CBS News reports that the U.S. has fired hundreds of Tomahawk cruise missiles in operations tied to Iran, with estimates over 850 used so far—roughly nine times the typical annual procurement—driving depletion of stockpiles even as production capacity exists (up to about 2,330/year). Current procurement remains far below capacity (roughly 90/year), while the Navy asked for 57 missiles for FY2026; the Pentagon estimates around 3,100 Tomahawks in inventory. Raytheon and the Defense Department are pursuing expanded capacity up to 1,000/year over multiple years, but immediate wartime ramp-up is limited by the defense industrial base. There is no public evidence that Iran uses Tomahawks. Each missile costs around $2.2 million, with launcher costs adding to the total.

Raytheon Secures Multi-Billion Dollar Patriot System Deals Across Spain and Romania
world10 months ago

Raytheon Secures Multi-Billion Dollar Patriot System Deals Across Spain and Romania

Raytheon Technologies has secured a $1.7 billion contract to supply Spain with four Patriot air and missile defense systems, which are highly effective against aircraft and missiles. The deal highlights ongoing international orders for Patriot systems, with additional sales to Germany, the Netherlands, Romania, and support for Ukraine's defense. The Patriot system is a key component of global missile defense, developed by Raytheon and deployed worldwide.

US Marines to Acquire 3 Iron Dome Batteries and 2,000 Interceptor Missiles
defense3 years ago

US Marines to Acquire 3 Iron Dome Batteries and 2,000 Interceptor Missiles

The US Marine Corps plans to acquire three batteries of Israel's Iron Dome air defense system, along with nearly 2,000 interceptor missiles, in a deal expected to be worth hundreds of millions of dollars. The deal will be signed with Raytheon, a partner of Iron Dome's manufacturer, Rafael. The Marine Corps has successfully tested the system, known as the Medium-Range Intercept Capability (MRIC), and plans to procure three MRIC batteries, 1,840 Tamir interceptor missiles, 44 launchers, and 11 US-made command centers. The Iron Dome, originally designed to intercept rockets, has been upgraded to shoot down mortar shells, drones, and cruise missiles. Israel has previously sold two Iron Dome batteries to the US, and the system is being integrated into the US Army's air defense array.

"From Barbie to Bombs: The Designer's Secret Double Life"
entertainment3 years ago

"From Barbie to Bombs: The Designer's Secret Double Life"

The summer box office is heating up with the release of "Barbie" and "Oppenheimer," two seemingly contrasting films. However, it turns out that the designer of the iconic Barbie doll, Jack Ryan, had a background in weapons engineering, having worked for Raytheon and contributed to the creation of missile defense systems. Ryan later joined Mattel and patented his concept for the Barbie doll in 1959. Both films are experiencing strong ticket sales, with "Barbie" projected to earn at least $140 million and "Oppenheimer" expected to reach $60 million for the weekend. The combined success of these films, along with others like "Mission Impossible" and "Spider-Man: Across the Spider-Verse," could lead to the highest-grossing weekend of the year at the box office.

Raytheon's Advancements in F-35 Subsystems and Electric Propulsion Technology.
defense3 years ago

Raytheon's Advancements in F-35 Subsystems and Electric Propulsion Technology.

Raytheon Technologies is offering solutions for both engine and Power and Thermal Management System (PTMS) modernization for the F-35 program, potentially supplanting Honeywell International as a supplier of a key subsystem for the Joint Strike Fighter. Collins Aerospace's Enhanced Power and Cooling System (EPACS) has garnered a new focus, which would seemingly have to beat out Honeywell for an opportunity to provide a new thermal management system for the F-35. The JPO is grouping the PTMS and engine modernization efforts together, and a spokesperson for the office told Breaking Defense in a statement that the dual solution will be fielded in 2030.

Raytheon Technologies' Strong Earnings Performance Boosts Stock and Dividend.
business3 years ago

Raytheon Technologies' Strong Earnings Performance Boosts Stock and Dividend.

Raytheon (RTX) reported Q1 earnings that beat analysts' expectations and reaffirmed its full-year outlook. The company's backlog rose to $180 billion for the quarter, and its Collins Aerospace and Pratt & Whitney segments saw significant sales growth. RTX stock is currently trading in the buy zone above a flat base and climbed 1.9% premarket following the earnings report. Jefferies downgraded Raytheon to hold from buy prior to earnings, citing concerns about the Missiles & Defense division and Pratt & Whitney aerospace engine segment.

Raytheon and Northrop Grumman compete for Army's Precision Strike Missile contract.
defense3 years ago

Raytheon and Northrop Grumman compete for Army's Precision Strike Missile contract.

Raytheon has partnered with Northrop Grumman to develop a future increment of the US Army's Precision Strike Missile (PrSM), after exiting the competition in early 2020. The Army awarded Raytheon a $97.7m contract in February to advance its design for the Long Range Maneuverable Fires program, planned to become the PrSM Increment 4 effort. The two companies will design, build and test the propulsion subsystem for DeepStrike-ER, which they describe as an "advanced missile solution that will demonstrate the capability to achieve the Army's desired range and effectiveness against next-generation threats."