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MCKINNEY, Texas - Raytheon, an RTX (NYSE:RTX) business, a prominent player in the Aerospace & Defense industry with annual revenues exceeding $83 billion, has started initial production of its new SharpSight multi-domain surveillance radar system, according to a company press release issued Monday.
The next-generation radar system is designed to provide high-altitude, real-time imaging with wide-area search and tracking capabilities for both land and maritime surveillance missions in all weather conditions.
SharpSight combines technologies from two of Raytheon’s existing radar families - the Highly Integrated Synthetic Aperture Radar (HISAR) and the SeaVue Multi-Role Radar (SVMR). The system features an open architecture that allows for upgrades and can be integrated with various manned and unmanned platforms.
"This radar represents the next step in Raytheon’s long legacy of intelligence, surveillance and reconnaissance innovation," said Daniel Theisen, president of Advanced Products and Solutions at Raytheon, in the statement.
The radar is designed for missions including anti-surface warfare, border protection, coastal monitoring, search and rescue, and long-range surveillance. According to the company, SharpSight complies with current U.S. Government export policy guidance, making it available to global partners and allies.
Raytheon is a defense solutions provider and part of RTX, which reported 2024 sales exceeding $80 billion and employs more than 185,000 people globally.
In other recent news, RTX Corporation has been highlighted in multiple developments. Bernstein analysts have raised the price target for RTX to $181, citing the company’s strong positioning in the defense sector, especially through its Raytheon segment. This increase reflects the firm’s belief that Raytheon is a key beneficiary of U.S. and international defense budget priorities. Additionally, Raytheon, in collaboration with Anduril Industries, successfully conducted a static fire test of an advanced solid rocket motor under a contract with the Air Force Research Laboratory. This test is part of efforts to enhance U.S.-based rocket motor manufacturing capabilities amid rising global demand for munitions.
In another significant development, TransDigm Group Incorporated has completed its acquisition of Simmonds Precision Products, Inc. from RTX for approximately $765 million. The acquisition, financed through cash on hand, was initially announced earlier this year and includes certain tax benefits. Meanwhile, Wizz Air has announced plans to resolve engine-related groundings of its Airbus aircraft by the end of 2027. The airline’s CFO noted that the number of grounded aircraft has decreased slightly, although challenges with Pratt & Whitney engine inspections persist.
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