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.