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Raytheon invests $100M to expand Rhode Island facility, adding 150 high-tech jobs and boosting missile defense production.

Company Fundamentals
08 Jun 2026
PRNewsWire
View Source
Bullish
pluang ai news

Raytheon is investing $100 million to expand its Portsmouth, Rhode Island facility, creating 150 high-tech jobs. The expansion will increase testing capacity for the Lower Tier Air and Missile Defense Sensor (LTAMDS) and boost production of Patriot GEM-T subcomponents to meet rising global demand. This move supports faster delivery of advanced missile defense systems to the U.S. Army and international partners. The investment follows a recent $53 million expansion in Massachusetts and highlights Raytheon's ongoing commitment to defense technology innovation and production scale-up.

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