Raytheon Secures $168M Patriot System Contract for Romania
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Order Growth: Raytheon has secured a $168 million contract to supply Romania with equipment for the Patriot air and missile defense system, marking the second order for the country within a year, indicating sustained demand and trust in the system.
- Global Security Support: The contract includes radar, command and control systems, launchers, and other support equipment, aimed at enhancing collective security and readiness across Europe, further solidifying Raytheon's leadership position in the global air defense market.
- Technological Advantage: The Patriot system is the only combat-proven ground-based air and missile defense capability globally, effectively countering long-range cruise missiles and tactical ballistic missiles, showcasing its defensive capabilities against complex aerial attacks and enhancing Raytheon's competitive edge.
- International Cooperation: In addition to Romania, Germany, the Netherlands, and Spain have also placed orders for more Patriot systems in 2025, reflecting the widespread recognition and demand for the system in international markets, thereby driving Raytheon's global business growth.
RTX
$178.29+Infinity%1D
Analyst Views on RTX
Wall Street analysts forecast RTX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RTX is 197.83 USD with a low forecast of 168.00 USD and a high forecast of 215.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
10 Buy
2 Hold
0 Sell
Strong Buy
Current: 177.200
Low
168.00
Averages
197.83
High
215.00
Current: 177.200
Low
168.00
Averages
197.83
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.
