financetom
Business
financetom
/
Business
/
Raytheon secures $1.1 billion US Navy contract for more short-range missiles
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Raytheon secures $1.1 billion US Navy contract for more short-range missiles
Jun 4, 2025 6:24 AM

June 4 (Reuters) - RTX's defense arm Raytheon

said on Wednesday it has been awarded a $1.1 billion contract

from the U.S. Navy to produce more of its short-range AIM-9X

Block II missiles.

The contract would help ramp production of the air-to-air

and surface-to-air missiles to 2,500 per year, which are used by

over 30 of the United States' allies and partners.

Demand for missiles and military equipment has remained

strong and is expected to increase further as geopolitical

tensions rise across the world.

Meanwhile, last month, U.S. President Donald Trump requested

for a national defense budget of $892.6 billion for fiscal year

2026 from Congress, matching the 2025 budget, with a focus on

rebuilding the military, re-establishing deterrence and

promoting national security.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Vireo Growth Announces Closing of Acquisition of Assets of Schwazze
Vireo Growth Announces Closing of Acquisition of Assets of Schwazze
Mar 24, 2026
09:51 AM EDT, 03/24/2026 (MT Newswires) -- Vireo Growth ( VREOF ) on Tuesday announced the closing of its previously disclosed acquisition of certain assets of U.S. multi-state cannabis operator Medicine Man Technologies, Inc. (dba Schwazze). We are pleased to announce the closing of the acquisition of the Schwazze assets, said John Mazarakis, Chief Executive Officer of Vireo. This transaction...
WISeKey Unit SEALSQ Signs Letter of Intent to Buy Miraex
WISeKey Unit SEALSQ Signs Letter of Intent to Buy Miraex
Mar 24, 2026
09:48 AM EDT, 03/24/2026 (MT Newswires) -- WISeKey ( WKEY ) unit SEALSQ ( LAES ) said Tuesday it has signed a letter of intent to buy Switzerland-headquartered Miraex, which develops photonics-based quantum interconnect products. Financial details were not provided. The LOI gives a 60-day exclusivity period during which the companies will conduct due diligence and negotiate definitive deal documents...
Zillow Group Reaffirms Q1, 2026 Outlook
Zillow Group Reaffirms Q1, 2026 Outlook
Mar 24, 2026
09:49 AM EDT, 03/24/2026 (MT Newswires) -- Zillow Group ( ZG ) (Z, ZG) said Tuesday it maintained its Q1 and full-year 2026 financial outlook and set a new mid-cycle net income margin target. The company said it continues to expect Q1 revenue of $700 million to $710 million and adjusted earnings before interest, taxes, depreciation, and amortization of $160...
Concentrix Stock Sinks To 52-Week Low - Here's Why
Concentrix Stock Sinks To 52-Week Low - Here's Why
Mar 24, 2026
Concentrix Corp. ( CNXC ) shares plunged Tuesday after the customer experience firm delivered a mixed fiscal first-quarter report, with an earnings miss and softer-than-expected second-quarter guidance overshadowing a modest revenue beat. Concentrix ( CNXC ) reported quarterly adjusted earnings of $2.61 per share, which missed the Street estimate of $2.65. Quarterly revenue was $2.500 billion, up by 5.4% year-over-year...
Copyright 2023-2026 - www.financetom.com All Rights Reserved