RTX invests $100 million to expand radar and interceptor production
The expansion at Raytheon's Portsmouth facility will bring 150 jobs and boost LTAMDS testing and Patriot GEM-T production.
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Aerospace and defense technology company
rtx.comLast updated
In short: RTX reported strong Q1 2026 financial results, raised its annual outlook, and secured major defense contracts despite some commercial engine issues.
The expansion at Raytheon's Portsmouth facility will bring 150 jobs and boost LTAMDS testing and Patriot GEM-T production.
The contract supports integration and test for the U.S. Navy's most advanced maritime radar, with potential foreign military sales.
The phase two award aims to develop more flexible missile propulsion by decoupling motors from single-use designs.
Pratt & Whitney will procure parts and assemble the XA103 for NGAP testing in the late 2020s, aiming to improve survivability, fuel efficiency, and thermal management.
Trump pushes weapons production surge as U.S. munitions stockpiles run low, plus limits on buybacks.
RTX (NYSE:RTX) has agreed to sell its Blue Canyon Technologies small-satellite business to MDA Space Ltd. The transaction shifts ownership of Blue Canyon to a...
RTX has been one of those defense and aerospace stocks that investors quietly watch — and lately, the watching has gotten more intense. After posting...
RTX (RTX) recently attracted investor attention after posting annual revenue of US$90.4b and net inc...
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