Core Insights - RTX Corporation's Raytheon unit secured a $1.7 billion foreign military sales contract to supply Spain with four Patriot air and missile defense systems, which include radars, launchers, command-and-control stations, and training equipment [1][9] - The Patriot system is recognized as the only combat-proven, ground-based air and missile defense system capable of countering various threats, having successfully intercepted hundreds of aerial targets in global conflicts [2][3] Business Performance - Demand for the Patriot system remains strong, with additional orders expected from Germany, the Netherlands, and Romania in 2025, and approximately 240 Patriot fire units have been delivered worldwide [3][9] - RTX shares have increased by 31.4% over the past six months, outperforming the industry growth of 13.9% [11] Market Opportunities - Global regional conflicts are driving nations to enhance their defense capabilities, leading to increased investments in advanced missile systems for both defense and deterrence [4] - The global market for missiles and missile defense systems is projected to grow at a CAGR of 4.97% from 2025 to 2030, which is favorable for RTX given its extensive portfolio of combat-proven missiles [5] Competitor Analysis - Other defense contractors expected to benefit from the missile and missile defense system market growth include Boeing, Northrop Grumman, and Lockheed Martin, each with significant earnings growth rates and sales estimates for 2025 [6][7][10]