Raytheon to develop two Standard Missile types with better targeting [Yahoo! Finance]
RTX Corporation (RTX)
Company Research
Source: Yahoo! Finance
The new SM-2 Block IIICU and SM-6 Block IU missiles will include increased targeting capabilities, helping the defensive Standard Missiles see additional kinds of threats they're meant to intercept. The variants will share a new guidance section, target-detection device, and other software and electronics. Their commonality will allow Raytheon to manufacture them on the same production line in Arizona Raytheon stopped its SM-2 production line after delivering fiscal 2017 orders to American and foreign customers, as demand for the missile dried up, the company told Defense News. The line restarted with an FY21 order, as demand abroad for the missile returned. The next batch of orders will be this new SM-2 IIICU variant, which for the first time will introduce an active radar to the medium-range missile. “That demand signal has been growing. The legacy SM-2 has really been a key protection for our allied navies. And as we look forward, being able to deliver an enhanced capabili
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- 4/30/24 - Form 144
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