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Raytheon secures $2 billion contract modification for satellite terminals

Fri, 13 Mar 2026 17:26:44 -0400

Investing.com -- Raytheon Co. (NYSE: RTX) has received a $2.01 billion contract modification from the U.S. Department of War for Advanced Extremely High Frequency Terminal production, the Pentagon announced Friday.

The modification increases the total value of the original contract, awarded in 2021, to $2.97 billion from $960 million. The contract number FA8735-21-D-0001 was initially established under a ceiling arrangement.

Work under the modified contract will be conducted at Raytheon facilities in Marlboro, Massachusetts, and Largo, Florida. The company is expected to complete the work by Aug. 9, 2031.

No funds are being obligated at the time of the modification award. The Air

Raytheon completes $115 million Alabama facility expansion

Fri, 13 Mar 2026 08:02:41 -0400

Raytheon, a business unit of RTX (NYSE: RTX), has completed a $115 million expansion of its missile integration facility in Huntsville, Alabama. The 26,000 square-foot expansion increases the facility's integration and delivery capacity by more than 50%.

The expansion grows RTX's presence in Alabama to more than 2,200 employees. The Huntsville facility, which opened in 2012, produces nine variants of the Standard Missile family and other weapon systems.

"This expansion marks an important step in our ability to deliver more missiles to our customers faster," said Barbara Borgonovi, president of Naval Power at Raytheon.

The company announced five framework agreements with the U.S.

RTX's Raytheon completes $115 million expansion of Alabama missile integration facility

Fri, 13 Mar 2026 08:00:00 -0400

Expansion to increase facility's integration and delivery capacity by more than 50%

HUNTSVILLE, Ala., March 13, 2026 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has completed a 26,000 square-foot expansion of its Redstone Raytheon Missile Integration Facility, backed by a $115 million capital investment that will increase the facility's integration and delivery capacity by over 50% and grow the company's footprint in the state to more than 2,200 employees.

"This expansion marks an important step in our ability to deliver more missiles to our customers faster, and

RTX's Raytheon completes $115 million expansion of Alabama missile integration facility

Fri, 13 Mar 2026 08:00:00 -0400

Expansion to increase facility's integration and delivery capacity by more than 50%

"This expansion marks an important step in our ability to deliver more missiles to our customers faster, and

RTX's Raytheon completes $115 million expansion of Alabama missile integration facility

Fri, 13 Mar 2026 08:00:00 -0400

Expansion to increase facility's integration and delivery capacity by more than 50%

"This expansion marks an important step in our ability to deliver more missiles to our customers faster, and

RTX's Raytheon completes $115 million expansion of Alabama missile integration facility

Fri, 13 Mar 2026 08:00:00 -0400

Expansion to increase facility's integration and delivery capacity by more than 50%

"This expansion marks an important step in our ability to deliver more missiles to our customers faster, and

RTX's Raytheon completes $115 million expansion of Alabama missile integration facility

Fri, 13 Mar 2026 08:00:00 -0400

Expansion to increase facility's integration and delivery capacity by more than 50%

"This expansion marks an important step in our ability to deliver more missiles to our customers faster, and

RTX's Raytheon completes $115 million expansion of Alabama missile integration facility

Fri, 13 Mar 2026 08:00:00 -0400

Expansion to increase facility's integration and delivery capacity by more than 50%

"This expansion marks an important step in our ability to deliver more missiles to our customers faster, and

RTX's Raytheon completes $115 million expansion of Alabama missile integration facility

Fri, 13 Mar 2026 08:00:00 -0400

Expansion to increase facility's integration and delivery capacity by more than 50%

"This expansion marks an important step in our ability to deliver more missiles to our customers faster, and

RTX's Raytheon completes $115 million expansion of Alabama missile integration facility

Fri, 13 Mar 2026 08:00:00 -0400

Expansion to increase facility's integration and delivery capacity by more than 50%

"This expansion marks an important step in our ability to deliver more missiles to our customers faster, and

Bernstein on Global Aerospace & Defense: 'Where will spending go? Defense stock implications?'

Wed, 11 Mar 2026 07:56:25 -0400