Raytheon, an RTX Business, Secures $74M U.S. Navy Contract for RAM Missile Launching Systems

Reuters
14 Jul
Raytheon, an RTX Business, Secures $74M U.S. Navy Contract for RAM Missile Launching Systems

Raytheon, a business under RTX Corporation, has secured a $74 million contract to supply the U.S. Navy with RAM Guided Missile Launching Systems. This order, the largest of its kind in over two decades, will provide new launcher systems, refurbishments, and necessary hardware upgrades, alongside various spare parts. Barbara Borgonovi, president of Naval Power at Raytheon, highlighted the contract's significance in enhancing naval defense capabilities against anti-ship threats. The RAM weapon system, a joint effort between the U.S. and Germany, is currently operational on more than 165 vessels worldwide and is being integrated into new U.S. Navy ship classes. The contract's execution will primarily occur in Louisville, Kentucky, and is slated for completion by 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RTX Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: NE28908) on July 14, 2025, and is solely responsible for the information contained therein.

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