Key Takeaways RTX unit Raytheon won a $578.6M contract for Stinger missiles and support.The deal is set for completion by Sept. 29, 2031, per Army Contracting Command.Stinger is deployed in 19 countries, highlighting its strong global market demand.RTX Corporation’s (RTX) unit, Raytheon, recently secured a $578.6 million contract for the supply of Stinger missiles, along with ancillary equipment and support. The award has been provided by the Army Contracting Command, Redstone Arsenal, AL.This contract is p ...

Group 1: Company Overview - Raytheon, an RTX business, is a leading provider of defense solutions, focusing on integrated air and missile defense, smart weapons, and advanced sensors [5] - RTX is the world's largest aerospace and defense company, with over 185,000 employees and projected sales exceeding $80 billion in 2024 [6] - Diehl Defence is a prominent system house for air defense systems, employing around 4,500 people and generating annual sales of over 2.0 billion euros [7] Group 2: Production and Demand - Raytheon and Diehl Defence have signed a memorandum of understanding to co-produce Stinger missiles in Europe, supporting increased global capacity [1] - The Stinger missile is currently the surface-to-air missile of choice for 24 countries, including Germany and nine NATO members, with historically high demand due to its effectiveness against short-range threats [2] - Diehl Defence is exploring options to increase production capacity at existing and new sites, leveraging its expertise in ground-based air defense systems [3] Group 3: Product Features and Advancements - The Stinger missile is a lightweight, combat-proven air defense system designed for ground troops to counter cruise missiles and aircraft [2] - Raytheon has continuously upgraded the Stinger missile, resulting in a highly accurate guidance and control system that enhances operational effectiveness [4]