Raytheon has completed a 17,000 sq ft expansion of its manufacturing facility in Forest, Mississippi, backed by a $50 million investment. This expansion will increase production capacity for critical electronic warfare and radar systems, including Next Generation Jammer Mid-Band pods for the U.S. Navy and Australia. The project is expected to create 100 high-skill jobs by 2028 and strengthens Mississippi's role in national defense manufacturing. Raytheon has invested $280 million in the site over the past decade, underscoring its long-term commitment to the region and national security.
RTX Corporation reported a 22% increase in its backlog to $289 billion, driven by robust defense demand, alongside an 18% rise in its stock price since late April. The company's Q2 results surpassed expectations with 14% sales growth (16% organic), 2...
In 2026, RTX outperformed its aerospace peers with a 14% gain, followed by GE Aerospace at 11%, while Boeing fell 3%. The iShares U.S. Aerospace & Defense ETF (ITA) gained 8%, reflecting a broader sector mix. Differences in business models—RTX's dive...
Collins Aerospace has successfully completed altitude testing of its Enhanced Power and Cooling System (EPACS), designed to improve the F-35 fighter jet's power and thermal management. This next-generation system provides significantly increased cool...
