RTX's Raytheon awarded $580 million production contract for Next Generation Jammer Mid-Band

Group 1 - Raytheon has been awarded a $580 million follow-on production contract from the U.S. Navy for the Next Generation Jammer Mid-Band (NGJ-MB) system [1] - The NGJ-MB system is designed to enhance offensive electronic attack capabilities, protecting various military assets and ensuring naval aviators are better prepared against adversary threats [2] - The contract will involve production work in multiple locations including Forest, Mississippi; McKinney, Texas; El Segundo, California; and Andover, Massachusetts, with completion expected by 2028 [3] Group 2 - Raytheon is a leading provider of defense solutions, focusing on technologies in integrated air and missile defense, smart weapons, advanced sensors, and more [4] - RTX, the parent company of Raytheon, is the world's largest aerospace and defense company, with projected sales exceeding $80 billion in 2024 [5]