7/102 sources · 2 publishersUpdated Oct 8, 20:22 UTC
Defense contractors report fighter, missile and counter-drone awards
Boeing was selected for the Navy's F/A-XX fighter development effort and received an additional F-15EX order. Raytheon, part of RTX, received an AMRAAM manufacturing award with a ceiling of $20.7 billion, while L3Harris received a THAAD propulsion-production contract from Lockheed Martin. Ondas introduced its Dronebuster REACH counter-drone system, with its first unit contracted for the U.S. Office of Naval Research.
Why it matters
The reported awards add contracted work and production opportunities for Boeing, RTX and L3Harris. Ondas' initial delivery contract provides a commercial deployment for its new counter-drone product.
Key facts
- 1The U.S. Navy chose Boeing to develop the F/A-XX fighter program, which is valued at more than $20 billion. stocktwits.com
- 2Boeing received a $2.38 billion award for 22 more F-15EX aircraft, bringing the U.S. Air Force total under contract to 120. stocktwits.com
- 3Raytheon, RTX's unit, obtained an AMRAAM production contract with a value of up to $20.7 billion. stocktwits.com
- 4L3Harris received a Lockheed Martin contract worth more than $6 billion over seven years for THAAD propulsion output. stocktwits.com
- 5Ondas introduced Dronebuster REACH, and its first system is contracted for delivery to the U.S. Office of Naval Research. stocktwits.com
- 6Defense Secretary Pete Hegseth announced the creation of Autonomous Warfare Command to advance military use of drones, robotics and artificial intelligence. stocktwits.com
Open questions
- The materials do not provide the precise value or full terms of the F/A-XX program, or the precise value of the L3Harris contract.
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.