Raytheon Awarded Contract from Blue Raven to Produce 120 SharpSight Radars
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy RTX?
Raytheon, an RTX business, has been awarded a contract from Blue Raven to produce 120 SharpSight radars, marking the largest single order to date for the new system and a key step in expanding its availability to customers worldwide. SharpSight is a platform-agnostic, multi-domain surveillance radar designed for both manned and unmanned platforms, enabling critical missions such as anti-surface warfare, border protection, coastal monitoring, search and rescue, and long-range surveillance. Under the contract, Raytheon will produce and sustainthe radar, while Blue Raven, formerly Crestwood Technology Group, focuses on global resale and distribution. Together, the companies will provide operators withfaster, more affordable accessto advanced surveillance capability in a highly competitive international market.
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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: 176.780
Low
168.00
Averages
195.77
High
215.00
Current: 176.780
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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- Backlog Expansion: The company's backlog grew by 20% to $2.2 billion, which not only secures future revenue but also indicates sustained attractiveness and customer trust in the aerospace market.
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See More
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See More
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See More
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- Enhanced Performance Expectations: The adaptive design of the XA103 engine will provide advanced survivability, fuel efficiency, and robust power and thermal management capabilities, enabling the U.S. Air Force to meet evolving operational needs and maintain global air dominance.
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See More
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