Standard Missile

RTX awarded $344 million contract to modernize electronics unit for missile development program

Retrieved on:

Thursday, April 25, 2024

Raytheon Technologies, Software, Foreign Military Sales, Electronics, Foreign, Standard Missile, Navy

TUCSON, Ariz., April 25, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been awarded a $344 million contract for the development of two missile variants – the SM-2 Block IIICU and SM-6 Block IU – which will be based on a common guidance section, where the electronics and software that guide a missile to its target are housed.

Key Points:

The updated variants will share a newly designed guidance section, target detection device, independent flight termination system and electronics unit.
This commonality will allow Raytheon to manufacture both missiles on a common production line, providing flexibility, scalability, and cost reductions.
The development program is largely funded by Foreign Military Sales.
The first users of these updated missiles will be the U.S., Australia, Canada, Japan, and Korea.

RTX breaks ground on $115 million expansion of Alabama missile integration facility

Retrieved on:

Tuesday, April 23, 2024

Raytheon Technologies, RTX, Standard Missile, GPI, Arms industry

HUNTSVILLE, Ala., April 23, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, recently broke ground on a $115 million, 26,000 square-foot expansion of its Redstone Raytheon Missile Integration Facility, which will increase the factory's space for integrating and delivering on critical defense programs by more than 50 percent.

Key Points:

HUNTSVILLE, Ala., April 23, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, recently broke ground on a $115 million, 26,000 square-foot expansion of its Redstone Raytheon Missile Integration Facility, which will increase the factory's space for integrating and delivering on critical defense programs by more than 50 percent.
The expansion will also bring an estimated 185 new jobs to the area, growing RTX's employee footprint in Alabama to more than 2,200 people.
Raytheon's Redstone facility is the final integration point for many missile programs for the U.S. Missile Defense Agency, U.S. Navy, and other defense customers.
With the expansion of our Missile Integration Facility at Redstone, Raytheon is demonstrating its ability and commitment to continued GPI development.

RTX's SM-6 intercepts ballistic missile target at sea

Retrieved on:

Friday, March 29, 2024

Raytheon Technologies, Standard Missile, FTM, USS, Sale, SM-6, United States Navy, Dual, DDG, Aegis Combat System, Standard, Defense, Jet fuel

PACIFIC MISSILE RANGE FACILITY, Hawaii, March 29, 2024 /PRNewswire/ -- A Standard Missile-6 (SM-6) built by Raytheon, an RTX (NYSE: RTX) business, intercepted a medium-range ballistic missile target at sea in its final seconds of flight, after being fired from the USS Preble (DDG 88). This test verified some of the missile's enhanced capabilities when launched from a Baseline 9.C2 variant of the Aegis Combat System.

Key Points:

PACIFIC MISSILE RANGE FACILITY, Hawaii, March 29, 2024 /PRNewswire/ -- A Standard Missile-6 (SM-6) built by Raytheon, an RTX (NYSE: RTX) business, intercepted a medium-range ballistic missile target at sea in its final seconds of flight, after being fired from the USS Preble (DDG 88).
The SM-6 missile can perform anti-air warfare, anti-surface warfare and advanced ballistic missile defense at sea.
FTM-32 was the seventh flight test of the SM-6 against ballistic missile targets and the fourth test utilizing the Dual II (Block IA) configuration.
It's the only missile that supports anti-air warfare, anti-surface warfare and sea-based terminal ballistic missile defense in one solution, and it's enabling the U.S. and its allies to cost-effectively increase the offensive might of surface forces.

Aerojet Rocketdyne Holdings, Inc. Reports 2022 Fourth Quarter and Annual Results

Retrieved on:

Wednesday, February 15, 2023

Adjusted EBITDAP margins excluding changes in contract estimates were 8.3% in the quarter and 12.1% for the full year.

Key Points:

Adjusted EBITDAP margins excluding changes in contract estimates were 8.3% in the quarter and 12.1% for the full year.
I commend our team’s perseverance, which is reflected in our positive results,” said Eileen P. Drake, Aerojet Rocketdyne CEO and president.
Further, as a result of the 2022 calendar, Aerojet Rocketdyne had 53 weeks of operations in 2022 compared with 52 weeks of operations in 2021.
Further, as a result of the 2022 calendar, Aerojet Rocketdyne had 53 weeks of operations in 2022 compared with 52 weeks of operations in 2021.

MDA selects Raytheon Missiles & Defense to continue developing a first-of-its-kind counter-hypersonic missile

Retrieved on:

Friday, June 24, 2022

United Technologies, Missile Defense Agency, Standard Missile, Atmosphere, Raytheon Intelligence & Space, Defense, Pratt & Whitney, Technology, NYSE, Raytheon Missiles & Defense, Solution, Interview, GPI, News, Raytheon Company, Multimedia, Physics, Weapon, Raytheon Technologies

TUCSON, Ariz., June 24, 2022 /PRNewswire/ -- The Missile Defense Agency has selected Raytheon Missiles & Defense, a Raytheon Technologies business (NYSE: RTX), to continue to develop a first-of-its-kind counter-hypersonic missile, the Glide Phase Interceptor.

Key Points:

TUCSON, Ariz., June 24, 2022 /PRNewswire/ -- The Missile Defense Agency has selected Raytheon Missiles & Defense, a Raytheon Technologies business (NYSE: RTX), to continue to develop a first-of-its-kind counter-hypersonic missile, the Glide Phase Interceptor.
"Our GPI is built on proven missile defense technology as its foundation," said Tay Fitzgerald, president of Strategic Missile Defense at Raytheon Missiles & Defense.
Raytheon Technologies' missile defense portfolio combines sensors, interceptors and command and control networks to track and defeat a wide range of threats.
With a broad portfolio of air and missile defense systems, precision weapons, radars, command and control systems and advanced defense technologies Raytheon Missiles & Defense solutions protect citizens, warfighters and infrastructure in more than fifty countries around the world.