Nov 21 (Reuters) - Defense contractor RTX said
on Friday its joint venture Raytheon-Rafael Protection Systems
has secured a $1.25 billion contract to supply Israel with
surface-to-air missiles.
The deal includes missiles, missile kits and test equipment
for Israel's Iron Dome system.
Demand for the company's defense business is strong amid
rising geopolitical tensions around the world.
The companies said a $33 million capital investment has been
used to establish a new facility in East Camden, Arkansas, which
will make missiles for the Iron Dome Weapon System and its U.S.
variant, SkyHunter, a short to medium-range air defense weapon
designed to counter a range of threats.
Last month, RTX raised its annual profit and revenue
forecast on rising demand for its missiles and aftermarket
services.