Raytheon Wins $745M Missile Defense Contract for SM-3 IIA Interceptors
RTX sits 49% above its 52-week low of $150.613.
Summary
Raytheon, an RTX business, secured a $745 million contract from the Missile Defense Agency for production and sustainment of SM-3 IIA interceptors. This adds to a string of recent defense wins, including a $1.1 billion AIM-9X contract in June and an expanded Amraam program with NATO allies in July. The contract reinforces the defense segment's momentum, which drove RTX's raised 2026 outlook last month. The work will be supported by a recently expanded Alabama integration facility, boosting capacity by over 50%.
At the time of this announcement, RTX was trading at $224.24 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $300.6B. The 52-week trading range was $150.61 to $225.65. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.