Investment
Features
FeesSafety
Academy
More
Pluang+
|
Home/News Feed/Raytheon wins $745M contract to produce advanced SM-3 IIA missile interceptors for U.S. and allies
RTX
$194.00
+$0.46 +0.24%

Raytheon wins $745M contract to produce advanced SM-3 IIA missile interceptors for U.S. and allies

Market News
10 Aug 2026
PRNewsWire
View Source
Bullish
Raytheon wins $745M contract to produce advanced SM-3 IIA missile interceptors for U.S. and allies

Raytheon has secured a $745 million contract from the Missile Defense Agency to produce and maintain Standard Missile-3 Block IIA interceptors, enhancing defense against ballistic missile threats. The SM-3 IIA, developed with Japanese partners, features improved speed and range to protect against short- to intermediate-range missiles. Raytheon is expanding production capacity, including a $115 million upgrade to its Alabama facility, and is hiring to support the program. This contract strengthens U.S. and allied missile defense capabilities amid evolving threats.

More News (RTX)

Raytheon's $22.9B missile deal overshadowed by concerns over high stock valuation amid Fed rate hikes.

Raytheon's $22.9B missile deal overshadowed by concerns over high stock valuation amid Fed rate hikes.

Raytheon Technologies (RTX) secured a $22.9 billion Tomahawk missile contract, one of the largest in Pentagon history, boosting its defense backlog to $289 billion. Despite strong Q2 earnings and raised guidance, market analyst Jim Cramer cautions th...

Market News
Bearish
3 days ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App