7/105 sources · 4 publishersUpdated Oct 13, 13:29 UTC
Raytheon secures $729 million counter‑drone contracts from the U.S., Qatar and Jordan
+2 new sources since this summary was written
Raytheon, a business of RTX, was awarded contracts worth $729 million for its LIDS and Coyote drone‑defense systems by the U.S. Army, Qatar and Jordan. The company said it will invest to expand production, add faster launch capability and increase range. RTX shares slipped 0.09% to $186.50 in pre‑market trading after the announcement.
Why it matters
The contracts add new revenue streams for RTX and signal continued demand for counter‑drone solutions, which could support future orders. The modest share decline reflects market reaction to the news.
Key facts
- 1Raytheon received $729 million in contracts for its LIDS and Coyote systems. stocktitan.net
- 2The contracts were awarded by the U.S. Army, Qatar and Jordan. stocktitan.net
- 3RTX plans to invest in expanding production and upgrading launch speed, range and altitude capability for the Coyote interceptor. stocktitan.net
- 4RTX shares fell 0.09% to $186.50 in pre‑market trading following the announcement. rttnews.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.