What Happened
Raytheon To Expand Manufacturing Capacity For Ballistic Missile Interceptors
RTX Corp. has secured a U.S. missile defense contract worth up to $6.3 billion to manufacture Standard Missile-3 Block IB interceptors. The contract, awarded by the Department of War and the Missile Defense Agency, aims to expand manufacturing capacity and strengthen the domestic defense supply chain. The agreement is intended to provide more predictable demand for Raytheon and its suppliers, supporting investments in production facilities and components. This development was first reported by MyChesCo.