Raytheon signs $729 million contract with US Army, Qatar, and Jordan
RTX RTX Corp
$186.66 +0.37%
View chart & analysis → - 1Raytheon will supply anti-drone defense systems to the US Army, Qatar, and Jordan through a $729 million contract.
- 2RTX will invest in additional manufacturing capabilities to increase production of the Coyote interceptor product line.
- 3Tom LaLiberty, President of Raytheon Land and Air Defense Systems, stated that production of the Coyote interceptor product line is being accelerated to meet growing international demand.
So what's the key point?
Raytheon has agreed to supply equipment that blocks drones to the US, Qatar, and Jordan. This contract is worth $729 million.
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