RTX Wins $1.7B Deal to Supply LTAMDS Radar System to US Army & Poland

Core Insights - RTX Corporation's Raytheon unit secured a $1.7 billion contract for nine LTAMDS radars, marking a significant achievement for the company [1][9] - The deal includes engineering services, spares, support, development, and testing, with Poland becoming the first international customer for the LTAMDS radar [2][3] Business Impact - The LTAMDS contract is expected to generate steady revenues for RTX, with potential for additional international deals as other countries express interest [3] - This contract enhances RTX's position in next-generation radar technology and expands its global footprint [3][4] Technology Overview - The LTAMDS radar is designed to counter advanced threats, including hypersonic weapons, utilizing three antenna arrays for comprehensive threat tracking [5] - RTX's radar portfolio includes other systems like GhostEye Radar and AN/MPQ-64 Sentinel Radar, which are in high demand in the military radar market [6] Market Growth Potential - The military radar market is projected to grow at a CAGR of 5.2% from 2025 to 2030, driven by geopolitical tensions and increased defense spending, benefiting companies like RTX [7] - Other defense contractors, such as Lockheed Martin, L3Harris Technologies, and Northrop Grumman, are also positioned to gain from this expanding market [8][10][11] Stock Performance - RTX shares have increased by 33.3% over the past year, outperforming the industry growth of 13.4% [12]