Latest news with #BarbaraBorgonovi
Associated Press
6 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
Associated Press
03-06-2025
- Business
- Associated Press
RTX's Raytheon awarded $536 million US Navy contract for SPY-6 family of radars
Contract provides continued integration and test support for the U.S. Navy's most advanced maritime radar ANDOVER, Mass., June 3, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been awarded a $536 million contract from the U.S. Navy for the SPY-6 family of radars. The contract is a follow-on to the previously awarded Integration and Production Support contract and includes upgrading Flight IIA destroyers with the SPY-6(V)4 variant. Under the sole source award, Raytheon will provide continued support for the SPY-6 family of radars through training, engineering services, ship installation, integration and testing, as well as software upgrades to enhance radar capabilities. 'SPY-6 is the most advanced radar in the U.S. naval fleet, providing ships a new level of defense against evolving threats,' said Barbara Borgonovi, president of Naval Power at Raytheon. 'This contract highlights the essential role of this technology in supporting the U.S. Navy's technology roadmap for several decades to come.' SPY-6 is now installed on two new U.S. Navy ships, with three additional ships slated for installation and undergoing various stages of testing in 2025. Over the next decade, SPY-6 is expected to be deployed on more than 60 U.S. Navy ships, enhancing defense against air, surface, and ballistic threats. Work on this contract is expected to be completed by May 2026. 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
Yahoo
22-05-2025
- Business
- Yahoo
$580 million contract awarded to Raytheon for new Navy jammer
Electronic warfare is an integral part of modern combat. Allied jammers can deny enemy communications, impair the targeting of friendly units, and even hide them from enemy detection altogether. The U.S. Navy employs the ALQ-99 Tactical Jamming System on the E/A-18G Growler aircraft for its electronic warfare capability. Introduced in 1972, the legacy ALQ-99 suffers from poor reliability and system failures that have caused crews to fly with undetected faults. Additionally, the system interferes with the aircraft's own radar and adversely affects the plane's top speed. To address these issues and better equip the fleet for future conflicts, the Navy started the Next Generation Jammer program. On July 2, 2021, RTX's Raytheon Technologies was awarded a $172 million low rate initial production lot 1 contract to manufacture Next Generation Jammer Mid-Band pods. The contracted consisted of three ship sets (two pods per set) of the NGJ-MB, associated spares, technical data, and gold units for operational test program set development. Naval Air Systems Command notes that the NGJ-MB is a joint effort between the U.S. Department of Defense and the Australian Ministry of Defence. Lot 2 for five more NGJ-MB ship sets was awarded on December 24, 2021 for $227 million. On March 21, 2023, lot 3 was awarded for 15 NGJ-MB ship sets at $650.4 million; 11 sets went to the U.S. Navy while the remaining four went to Australia. Lot 4 consisted of 34 NGJ-MB pods at $590 million and was awarded on December 5, 2024. Most recently, Raytheon was awarded $580 million on May 16, 2025 for lot 5 which will see Raytheon provide additional production NGJ-MB ship sets, including to the Royal Australian Air Force. 'Offensive Electronic Attack provides a tremendous combat capability, protecting strike packages, kinetic weapons and high-value airborne assets across a broad range of missions,' said Barbara Borgonovi, president of Naval Power at Raytheon, in a company press release. 'With this contract, we'll ensure that our naval aviators in all theaters are better prepared to counter adversary threats and support the Joint Fight.' Raytheon notes that work under the contract will take place in Forest, Mississippi; McKinney, Texas; El Segundo, California; and Andover, Massachusetts through 2028. In addition to increased performance and capabilities over the legacy ALQ-99, the ALQ-249 NGJ-MB allows for rapid hardware and software updates to counter evolving and improving threats. Similarly, the Next Generation Jammer Low Band will address threats in the low-frequency bands of the electromagnetic spectrum. The system is currently in the Engineering and Manufacturing Development acquisition phase and is also a joint program between the U.S. DoD and Australian MOD. While the NGJ will initially augment the ALQ-99, the ALQ-249 will ultimately replace the legacy system on the EA-18G Growler in U.S. Navy service.
Yahoo
19-05-2025
- Business
- Yahoo
RTX Corporation (RTX) Delivers 250th RAM MK49 Launcher to U.S. Navy
RTX Corporation (NYSE:RTX)'s Raytheon business and its German partner, RAM-Systems GmbH, have delivered the 250th RAM MK49 Guided-Missile Launching System to the US Navy for deployment on the USS Pittsburgh, the company announced on Monday. The RAM program is a bilateral partnership between the United States and Germany, with RTX Corporation (NYSE:RTX)'s Raytheon being a prime contractor. As a vital component of naval defense, RAM helps protect naval vessels, ranging from corvettes to aircraft carriers, from threats like aircraft, drones, and advanced anti-ship cruise missiles. Pixabay / Public Domain RTX Corporation (NYSE:RTX) also stated that Raytheon and its German partners continue to invest in modernizing the RAM system to increase production capacity and enhance the capabilities of the RAM effector and launching system. Barbara Borgonovi, the President of Naval Power at Raytheon, stated the following on the development: "The RAM missile system has been a cornerstone of naval defense capabilities for decades, and this 250th GMLS delivery is a testament to the important role it plays in defending U.S. and allied forces. As we continue to modernize and expand the deployment of RAM, it remains a critical asset in protecting our sailors and ships from evolving threats." While we acknowledge the potential of RTX, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RTX and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Best Drone Stocks to Buy According to Billionaires and 11 Best American Defense Stocks to Buy Now. Disclosure: None.
Yahoo
16-05-2025
- Business
- Yahoo
RTX's Raytheon awarded $580 million production contract for Next Generation Jammer Mid-Band
Electronic attack capability will counter new and emerging adversary threats MCKINNEY, Texas, May 16, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been awarded a $580 million follow-on production contract from the U.S. Navy for the Next Generation Jammer Mid-Band (NGJ-MB) system. Under the contract, Raytheon will provide additional production NGJ-MB pod shipsets, including pods for the Royal Australian Air Force, as well as spares and peculiar support equipment. "Offensive Electronic Attack provides a tremendous combat capability, protecting strike packages, kinetic weapons and high-value airborne assets across a broad range of missions," said Barbara Borgonovi, president of Naval Power at Raytheon. "With this contract, we'll ensure that our naval aviators in all theaters are better prepared to counter adversary threats and support the Joint Fight." NGJ-MB is a cooperative development and production program with the Royal Australian Air Force. It is an airborne electronic attack system consisting of two pods containing active electronically scanned arrays that radiate in the mid-band frequency range. The U.S. Navy employs NGJ-MB on the EA-18G Growler to target advanced radar threats, communications, data links and non-traditional radio frequency threats. Work under this contract will take place in Forest, Mississippi; McKinney, Texas; El Segundo, California; and Andover, Massachusetts through 2028. 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 corporatepr@ View original content: SOURCE RTX
