Raytheon Bags $250M Contract For Missile Warning And Tracking - RTX (NYSE:RTX)

Raytheon Technologies Corp RTX has received an award valued at over $250 million to design, develop and deliver a seven-vehicle missile tracking satellite constellation.
The company will also support launch and ground operations by the Space Development Agency.
Once deployed, the low-Earth orbit constellation of networked satellites will become the fifth plane of satellites providing missile warning and tracking for the Department of Defense.
The program is a key element of the Proliferated Warfighter Space Architecture.
The seven-vehicle satellite constellation will feature Raytheon's Wide Field of View overhead persistent infrared sensor, Blue Canyon Technologies' Saturn-class microsatellite bus, and SEAKR Engineering's electronics payload.
"Developing a resilient and affordable proliferated satellite constellation in low-Earth orbit will improve our ability to track emerging threats like hypersonic missiles," said Dave Broadbent, president of Space & C2 at Raytheon Intelligence & Space.
Price Action: RTX shares are trading higher by 0.03% at $98.07 on the last check Thursday.
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