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EL SEGUNDO, Calif. - Raytheon, an RTX (NYSE:RTX) business and a prominent player in the $213.4 billion market cap Aerospace & Defense industry, introduced its latest combat radar system, the APG-82(V)X, on Tuesday. The new variant incorporates gallium nitride (GaN) technology to deliver increased detection range and improved processing capabilities.
The advanced active electronically scanned array radar utilizes thousands of transmit and receive modules that enable rapid switching between transmitting and receiving signals, providing more precise targeting against aerial threats including cruise missiles, drones and modern fighter aircraft.
"The enhanced capability of this next-generation radar enables aircrew to detect and engage threats at longer ranges than ever before, providing a crucial first-look, first-shoot advantage," said Dan Theisen, president of Advanced Products and Solutions at Raytheon, in a press release statement.
According to the company, the APG-82(V)X offers greater range without requiring additional power due to its GaN technology. The system features an open architecture design that allows for scalability and integration with current and future aircraft platforms.
Development of the new radar system has begun at Raytheon’s El Segundo, California facility, with production planned to take place at the company’s established manufacturing facility in Forest, Mississippi.
The radar system is designed to enhance air-to-air, air-to-ground and electronic warfare capabilities, enabling faster target detection, tracking and engagement in contested environments.
RTX, formed through the merger of Raytheon and United Technologies, reported sales of $83.6 billion with impressive 15.44% revenue growth in the last twelve months. The company employs approximately 185,000 people globally and maintains a strong market position, currently trading near its 52-week high of $161.26. According to InvestingPro analysis, RTX appears to be fairly valued based on its Fair Value calculations, with 12 additional exclusive ProTips available for subscribers. For detailed insights into RTX’s financial health and growth prospects, access the comprehensive Pro Research Report, part of InvestingPro’s coverage of 1,400+ top US stocks.
In other recent news, Raytheon has been awarded significant contracts, highlighting its ongoing involvement in defense projects. The company secured a $271 million contract modification for the production of the TOW missile system, with completion expected by February 2028. Additionally, Raytheon received two major U.S. Navy contracts totaling approximately $436 million for radar systems and missile production capacity enhancement. Meanwhile, Pratt & Whitney, another RTX business, is advancing its engine development efforts. The company is using digital data packages to accelerate the development of its XA103 engine for the U.S. Air Force’s Next Generation Adaptive Propulsion program. Pratt & Whitney is also working on a new family of engines designed for munitions and Collaborative Combat Aircraft. Furthermore, Raytheon announced the successful review of its Advanced Electronic Warfare prototype for the U.S. Navy’s F/A-18E/F Super Hornet fighter jets. These developments underscore the continued progress and strategic focus of RTX’s businesses in their respective areas.
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