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WHITE SANDS MISSILE RANGE, N.M. - Raytheon, an RTX (NYSE:RTX) business, successfully completed a 360-degree flight test for its Lower Tier Air and Missile Defense Sensor (LTAMDS), the company announced Monday. RTX, a prominent player in the Aerospace & Defense industry with an $83.6 billion revenue base, has seen its stock surge over 35% year-to-date. According to InvestingPro analysis, the company is currently trading near its Fair Value.
The test demonstrated the radar’s ability to track and intercept a complex, threat-representative target using one of its secondary arrays. This achievement follows the radar’s recent Milestone C designation, which initiates the transition from prototype to production and deployment.
During the test, LTAMDS supported an Integrated Battle Command System and a PAC-3 MSE missile intercept. The radar was successfully integrated with the recently delivered Large Tactical Power Source (LTPS), which provides increased power enabling LTAMDS to reach its full operational potential.
The system’s three radar arrays provide coverage designed to counter coordinated attacks involving multiple threat types, including drones, advanced aircraft, and ballistic, cruise and hypersonic missiles. This marks the ninth successful flight test of increasing complexity for LTAMDS.
"LTAMDS’ 360-degree full-sector sensing capabilities specifically address massive, coordinated attacks from adversaries," said Tom Laliberty, president of Land & Air Defense Systems at Raytheon, according to the press release.
In April 2025, the U.S. Army designated LTAMDS as an official program of record. Poland became the first international customer in 2024, with additional countries reportedly planning to acquire the system.
Raytheon indicated it is making capital investments to meet growing global demand for the defense system.
In other recent news, RTX Corp. has secured a substantial $50 billion umbrella contract from the Defense Logistics Agency. This 20-year contract encompasses systems production, spare parts, and support services, marking a significant partnership under U.S. Code 3204(a)(1). Additionally, Raytheon Co., a division of RTX, has been awarded a $3.5 billion contract for the production of Advanced Medium Range Air-to-Air Missiles (AMRAAM). This contract includes missiles, telemetry systems, spares, and production engineering support activities.
Raytheon also secured a $258.7 million contract from the U.S. Department of Defense for the development of the Standard Missile 2 (SM-2) Block IIICU All Up Round, with potential options increasing the total value to $263.1 million. Furthermore, Raytheon received a $67.5 million contract modification for Evolved Seasparrow Missile Block 2 guided missile assemblies. In a separate development, Raytheon introduced its latest Multispectral Targeting System variant, MTS-A HD, aimed at enhancing visual capabilities for maritime helicopter operations. These recent developments highlight Raytheon’s continued involvement in defense contracts and technological advancements.
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