Raytheon and Lockheed Martin Deliver First Lightweight Command Launch Units
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
The Javelin Joint Venture, a partnership between Raytheon, an RTX (RTX) business, and Lockheed Martin (LMT), has delivered the first Lightweight Command Launch Units to the U.S. Army. The LWCLU, a next-generation launcher for the Javelin weapon system, is designed to be adaptable and compatible with all current, past and future Javelin variants. The launcher is replacing the weapon system's legacy command launch unit. To date, Raytheon has invested $22M to modernize the LWCLU factory to increase speed of production and expand capacity. In collaboration with the U.S. Army, the facility in Tucson, Arizona is ramping annual production.
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Analyst Views on RTX
Wall Street analysts forecast RTX stock price to rise
14 Analyst Rating
9 Buy
5 Hold
0 Sell
Moderate Buy
Current: 178.960
Low
168.00
Averages
195.77
High
215.00
Current: 178.960
Low
168.00
Averages
195.77
High
215.00
About RTX
RTX Corporation is an aerospace and defense company, which provides advanced systems and services for commercial, military, and government customers worldwide. The Company operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Collins Aerospace segment provides technologically advanced aerospace and defense products and aftermarket service solutions for civil and military aircraft manufacturers, commercial airlines, and regional, business and general aviation, as well as for defense and commercial space operations. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers. The Raytheon segment provides defensive and offensive threat detection, tracking and mitigation capabilities for the United States and foreign government and commercial customers. The Raytheon designs, develops, and provides advanced capabilities in integrated air and missile defense, smart weapons, missiles and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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