RTX breaks ground on $53 million expansion of Lower Tier Air and Missile Defense Sensor facility

Core Insights - Raytheon has initiated a $53 million expansion of its Lower Tier Air and Missile Defense Sensor Production Facility in Andover, Massachusetts, covering 23,000 square feet [1][4] - The LTAMDS radar is designed to counter advanced threats, including hypersonic weapons, and the expansion aims to enhance production capacity and accelerate delivery to both U.S. and international customers [2][3] - The expansion is expected to be completed by late 2026, significantly increasing Raytheon's ability to meet the rising global demand for advanced defense technologies [3][4] Company Overview - Raytheon, part of RTX, has over 100 years of experience in developing defense solutions, focusing on integrated air and missile defense, advanced sensors, and hypersonics [5] - RTX is the largest aerospace and defense company globally, with over 185,000 employees and projected sales exceeding $80 billion in 2024 [6]