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ARLINGTON, Va. - Raytheon, an RTX (NYSE:RTX) business - a prominent player in the Aerospace & Defense industry with $83.6 billion in annual revenue - and Anduril Industries successfully conducted a static fire test of an advanced solid rocket motor under a contract with the Air Force Research Laboratory Munitions Directorate, according to a press release issued Tuesday. According to InvestingPro data, RTX currently trades near its 52-week high of $169.75.
The test represents a step in addressing rocket motor manufacturing capacity amid increasing global munitions demand. Raytheon has been working with various partners to enhance U.S.-based production capabilities. With a market capitalization of $226 billion and strong financial health metrics according to InvestingPro, RTX appears well-positioned to execute on these strategic initiatives.
"This test demonstrates more than just a technical achievement," said Colin Whelan, president of Advanced Technology at Raytheon. "It’s about building a more robust and adaptable supply base for solid rocket motors that can rapidly respond to emerging national security needs."
The collaboration aims to expand the defense technology ecosystem and address limitations in the rocket motor supply base. This partnership is part of Raytheon’s composable weapons strategy, which focuses on creating more flexible missile systems through strategic partnerships.
LTG (ret.) Neil Thurgood, Senior Vice President at Anduril Industries, noted that designing and firing a Highly Loaded Grain rocket motor represents one of the most technically demanding tasks in the solid rocket motor industry.
The companies did not disclose specific performance metrics or production timelines in their announcement.
Raytheon is a defense solutions provider and part of RTX, an aerospace and defense company headquartered in Arlington, Virginia, with reported 2024 sales exceeding $80 billion. The company has demonstrated robust performance, with analysts maintaining a bullish outlook and setting a high price target of $200. For detailed analysis and additional insights, including 14 key ProTips and comprehensive financial metrics, visit InvestingPro’s exclusive research report.
In other recent news, Wizz Air announced plans to have its entire fleet of Airbus aircraft operational by the end of 2027. This comes as the airline continues to address engine-related groundings, primarily due to Pratt & Whitney engine inspections. Currently, 38 aircraft remain grounded, a decrease from nearly 60 at the peak of the issue. Meanwhile, TransDigm Group has completed its acquisition of Simmonds Precision Products from RTX Corporation for approximately $765 million. This acquisition, initially announced in June 2025, was financed through cash on hand. In another development, Bernstein raised the price target for RTX Corp. to $181, citing the company’s robust positioning in the defense sector. Raytheon, a segment of RTX, secured multiple defense contracts totaling approximately $77.8 million, emphasizing its strong presence in the defense industry. These developments highlight significant movements in the aerospace and defense sectors.
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