China has restricted access to 12 critical minerals essential for manufacturing advanced laser weapons, posing a supply risk for defense contractors like Raytheon. Raytheon's $289 billion backlog, driven by missile systems and munitions, depends heavily on these minerals such as gallium and neodymium. Other defense giants like Lockheed Martin and Boeing also acknowledge rare-earth mineral supply challenges. The industry faces pressure to find alternative sources outside China to sustain production and meet growing military demand.
Pratt & Whitney is investing $25 million to expand its manufacturing facility in Niepołomice, Poland, which produces complex components for commercial and military aircraft engines. The expansion, expected to be operational by 2028, will create over ...
RTX Chairman and CEO Chris Calio will present at the Morgan Stanley 14th Annual Laguna Conference on September 15 at 11:30 a.m. Eastern Time. The presentation will be streamed live on the RTX website and archived for later viewing. RTX is a major tec...
