Why Is Poland Buying $1.2 Billion in Blimps from RTX Corp?
Raytheon Technologies(RTX) The Motley Fool·2024-03-02 11:06
It's ba-a-ck!If you lived on the East Coast in 2015, you probably remember the saga of Raytheon's wandering blimp. A few days before Halloween, a Joint Land Attack Cruise Missile Defense Elevated Netted Sensor System (JLENS) air defense aerostat that Raytheon -- now RTX Corporation (RTX 0.14%) -- sold to the military broke loose from its moorings and began floating willy-nilly up and down the countryside before eventually being shot out of the sky by Pennsylvania State Troopers armed with shotguns.It probab ...