Latest news with #AIM-9XBlockII
Yahoo
4 days ago
- Business
- Yahoo
Raytheon secures $1.1 billion US Navy contract for more short-range missiles
(Reuters) -RTX's defense arm Raytheon said on Wednesday it has been awarded a $1.1 billion contract from the U.S. Navy to produce more of its short-range AIM-9X Block II missiles. The contract would help ramp production of the air-to-air and surface-to-air missiles to 2,500 per year, which are used by over 30 of the United States' allies and partners. Demand for missiles and military equipment has remained strong and is expected to increase further as geopolitical tensions rise across the world. Meanwhile, last month, U.S. President Donald Trump requested for a national defense budget of $892.6 billion for fiscal year 2026 from Congress, matching the 2025 budget, with a focus on rebuilding the military, re-establishing deterrence and promoting national security.
Reuters
4 days ago
- Business
- Reuters
Raytheon secures $1.1 billion US Navy contract for more short-range missiles
June 4 (Reuters) - RTX's (RTX.N), opens new tab defense arm Raytheon said on Wednesday it has been awarded a $1.1 billion contract from the U.S. Navy to produce more of its short-range AIM-9X Block II missiles. The contract would help ramp production of the air-to-air and surface-to-air missiles to 2,500 per year, which are used by over 30 of the United States' allies and partners. Demand for missiles and military equipment has remained strong and is expected to increase further as geopolitical tensions rise across the world. Meanwhile, last month, U.S. President Donald Trump requested for a national defense budget of $892.6 billion for fiscal year 2026 from Congress, matching the 2025 budget, with a focus on rebuilding the military, re-establishing deterrence and promoting national security.
Yahoo
4 days ago
- Business
- Yahoo
Raytheon secures $1.1 billion US Navy contract for more short-range missiles
(Reuters) -RTX's defense arm Raytheon said on Wednesday it has been awarded a $1.1 billion contract from the U.S. Navy to produce more of its short-range AIM-9X Block II missiles. The contract would help ramp production of the air-to-air and surface-to-air missiles to 2,500 per year, which are used by over 30 of the United States' allies and partners. Demand for missiles and military equipment has remained strong and is expected to increase further as geopolitical tensions rise across the world. Meanwhile, last month, U.S. President Donald Trump requested for a national defense budget of $892.6 billion for fiscal year 2026 from Congress, matching the 2025 budget, with a focus on rebuilding the military, re-establishing deterrence and promoting national security. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
4 days ago
- Business
- Associated Press
RTX's Raytheon awarded $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles
Award represents largest production contract to date TUCSON, Ariz., June 4, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $1.1 billion contract from the U.S. Navy to produce AIM-9X Block II missiles. This is the largest contract awarded for the program and will increase production to 2,500 missiles per year. 'This award represents a historic milestone for the AIM-9X program, further emphasizing its importance to the U.S. and partnered nations,' said Barbara Borgonovi, president of Naval Power at Raytheon. 'Through our partnership with the U.S. Navy, we are well-positioned to support this increased demand.' AIM-9X is the most advanced infrared-tracking, short-range, air-to-air and surface-to-air missile that is combat proven in several theaters around the world. It is configured for easy installation on a wide range of modern aircraft and provides proven layered defense with ground-launched capabilities, including the National Advanced Surface-to-Air Missile System, or NASAMS. A U.S. Navy-led joint program with the U.S. Air Force, AIM-9X is used by over 30 allied and partner nations and continues to gain international interest. About Raytheon 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. About RTX 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]. View original content: SOURCE RTX
