RTX's Raytheon Wins $74M Contract to Boost U.S. Naval Defense Systems
- Raytheon, part of RTX, secured a $74 million contract for RAM Guided Missile Launching Systems for the U.S. Navy.
- The contract includes production, refurbishments, and upgrades to enhance naval defense against emerging threats.
- RTX aims to solidify its global defense position through advanced technologies and strategic partnerships in naval defense.
Raytheon Secures Major Contract to Enhance Naval Defense Systems
Raytheon, a key business unit of RTX, announces the award of a significant $74 million contract to deliver RAM Guided Missile Launching Systems (GMLS) for the U.S. Navy. This order represents the largest single procurement of U.S. RAM launchers in over two decades, underscoring the growing demand for enhanced naval defense solutions. The contract encompasses not only the production of new launcher systems but also includes refurbishments of existing units, hardware for system upgrades, and an array of spare parts. Barbara Borgonovi, president of Naval Power at Raytheon, notes that this contract is integral to bolstering the protection of naval assets against emerging anti-ship threats, reinforcing Raytheon’s commitment to modernizing its production capabilities in response to increasing global demand for sophisticated short-range ship self-defense systems.
The RAM weapon system, which is set to celebrate its 50th anniversary next year, is a collaborative initiative between the U.S. and Germany, with Raytheon serving as the prime contractor for U.S. Navy requirements. The system is currently operational on over 165 ships across 11 countries, including various classes of naval vessels from fast patrol boats to aircraft carriers. Additionally, the RAM system is being integrated into several new U.S. Navy ship classes, such as the Arleigh Burke-class destroyers. This strategic contract not only strengthens the capabilities of the U.S. Navy but also enhances international partnerships through the deployment of advanced defense technologies.
The manufacturing efforts associated with this contract will primarily take place in Louisville, Kentucky, with the expected completion date set for 2028. Raytheon’s role as a longstanding provider of defense solutions is underscored by its focus on integrated air and missile defense, smart weapons, and advanced sensors across multiple domains. As RTX, recognized as the world's largest aerospace and defense firm, continues to innovate and expand its defense capabilities, the successful execution of this contract will further solidify its position in the global defense landscape.
In related news, Raytheon maintains a robust portfolio, employing over 185,000 individuals globally and generating more than $80 billion in sales in 2024. The company’s commitment to enhancing defense technology is evident in its ongoing development of advanced systems and its proactive response to evolving military needs. As geopolitical tensions persist, Raytheon’s strategic initiatives and partnerships are positioned to play a vital role in ensuring the security of naval forces worldwide.
