Raytheon, an RTX (NYSE: RTX) business, watched its shares clear the runway Wednesday, on being awarded a $400-million contract by the U.S. Air Force to produce and deliver more than 1,500 StormBreaker® smart weapons. StormBreaker is the leading air-to-surface, network enabled weapon that can engage moving targets in all weather conditions using its multi-effects warhead and tri-mode seeker.
"Fielded on two platforms with testing underway for others, StormBreaker has solidified its place as the leading network enabled weapon across the Department of Defense," said Paul Ferraro, president of Air Power at Raytheon. "With this contract, we'll continue to evolve StormBreaker's production to meet the needs of servicemembers for years to come."
StormBreaker is fielded on the F-15E Strike Eagle and F/A-18E/F SuperHornet with testing underway on all variants of the F-35. Across the platforms, StormBreaker completed 28 test drops in 2023.
The Arlington, Va.-headquarter Raytheon is RTX is the world's largest aerospace and defense company. With more than 180,000 global employees, according to company literature, “we push the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems for operational success, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company enjoyed 2022 sales of $67 billion.
RTX shares took flight 45 cents to $85.67.
Related Stories
