STOCK TITAN

RTX breaks ground on $115 million expansion of Alabama missile integration facility

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Raytheon, an RTX business, has broken ground on a $115 million expansion of its Redstone Raytheon Missile Integration Facility in Huntsville, Alabama. The 26,000 square-foot expansion will increase the factory's space by more than 50%, supporting key missile programs like the Glide Phase Interceptor. The project will create 185 new jobs, bringing RTX's employee count in Alabama to over 2,200. The expansion aims to meet the growing needs of military customers and accelerate the delivery of vital defense solutions.
Raytheon, un'azienda RTX, ha iniziato i lavori di espansione del suo stabilimento di integrazione missilistica Raytheon Redstone a Huntsville, Alabama, con un investimento di 115 milioni di dollari. L'ampliamento di 2.415 metri quadrati aumenterà la capacità produttiva dello stabilimento di oltre il 50%, supportando programmi missilistici cruciali come il Glide Phase Interceptor. Il progetto genererà 185 nuovi posti di lavoro, portando il totale dei dipendenti RTX in Alabama a oltre 2.200. L'espansione mira a soddisfare le crescenti esigenze dei clienti militari e ad accelerare la consegna di soluzioni di difesa essenziali.
Raytheon, una empresa de RTX, ha comenzado la expansión de $115 millones de su instalación de Integración de Misiles Raytheon Redstone en Huntsville, Alabama. La expansión de 2,415 metros cuadrados aumentará el espacio de la fábrica en más del 50%, apoyando programas de misiles clave como el Glide Phase Interceptor. El proyecto creará 185 nuevos empleos, elevando el número de empleados de RTX en Alabama a más de 2,200. La expansión busca satisfacer las crecientes necesidades de los clientes militares y acelerar la entrega de soluciones de defensa críticas.
RTX 사업체인 Raytheon이 앨라배마 주 헌츠빌에 있는 Redstone Raytheon 미사일 통합 시설을 확장하기 위해 1억 1,500만 달러를 투자하여 착공했습니다. 2,415제곱미터의 확장 공사는 공장의 공간을 50% 이상 증가시켜 Glide Phase Interceptor와 같은 주요 미사일 프로그램을 지원할 것입니다. 이 프로젝트는 185개의 새로운 일자리를 창출하며, 앨라배마 주에서 RTX의 직원 수를 2,200명 이상으로 늘릴 것입니다. 확장의 목표는 군사 고객의 증가하는 요구를 충족하고 필수적인 방어 솔루션의 납품을 가속화하는 것입니다.
Raytheon, une entreprise RTX, a débuté l'expansion de 115 millions de dollars de son installation d'intégration de missiles Raytheon Redstone à Huntsville, en Alabama. L'agrandissement de 2 415 mètres carrés augmentera l'espace de l'usine de plus de 50%, soutenant des programmes de missiles clés tels que le Glide Phase Interceptor. Le projet créera 185 nouveaux emplois, portant le nombre total d'employés de RTX en Alabama à plus de 2 200. L'expansion vise à répondre aux besoins croissants des clients militaires et à accélérer la livraison de solutions de défense vitales.
Raytheon, ein Geschäftsbereich von RTX, hat mit einer Erweiterung seiner Redstone Raytheon Raketenintegrationsanlage in Huntsville, Alabama, im Wert von 115 Millionen Dollar begonnen. Die Erweiterung um 2.415 Quadratmeter wird den Fabrikraum um mehr als 50% erhöhen und wichtige Raketenprogramme wie den Glide Phase Interceptor unterstützen. Das Projekt wird 185 neue Arbeitsplätze schaffen und die Mitarbeiterzahl von RTX in Alabama auf über 2.200 erhöhen. Ziel der Erweiterung ist es, den wachsenden Bedarf militärischer Kunden zu decken und die Bereitstellung wichtiger Verteidigungslösungen zu beschleunigen.
Positive
  • None.
Negative
  • None.

Expansion will support key missile programs including Glide Phase Interceptor

HUNTSVILLE, Ala., April 23, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, recently broke ground on a $115 million, 26,000 square-foot expansion of its Redstone Raytheon Missile Integration Facility, which will increase the factory's space for integrating and delivering on critical defense programs by more than 50 percent.

The expansion will also bring an estimated 185 new jobs to the area, growing RTX's employee footprint in Alabama to more than 2,200 people.

"This important investment in the Huntsville region will help us meet the growing needs of our military customers and service members," said Raytheon President Phil Jasper. "It will also ready our operations to accelerate delivery of our vital counter-hypersonic solution."   

Raytheon's Redstone facility is the final integration point for many missile programs for the U.S. Missile Defense Agency, U.S. Navy, and other defense customers. The facility currently handles integration of nine variants of the Standard Missile family, including Standard Missile-3 and Standard Missile-6, and will accommodate additional defense programs, including the Glide Phase Interceptor (GPI).

GPI will be the first-ever interceptor to defeat the emerging threat of hypersonic glide vehicles in their vulnerable glide phase of flight. With the expansion of our Missile Integration Facility at Redstone, Raytheon is demonstrating its ability and commitment to continued GPI development.

The Redstone Raytheon Missile Integration Facility first opened in 2012. Expansion construction is scheduled to conclude in 2025.

About Raytheon
Raytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies and partners defend their national sovereignty and ensure their security. For more than 100 years, Raytheon has developed new technologies and enhanced existing capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics and missile defense across land, air, sea and space.

About RTX
RTX is the world's largest aerospace and defense company. With more than 185,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems for operational success, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2023 sales of $68.9 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact corporatepr@rtx.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/rtx-breaks-ground-on-115-million-expansion-of-alabama-missile-integration-facility-302125226.html

SOURCE RTX

FAQ

What is the purpose of the $115 million expansion at Raytheon's Redstone facility?

The expansion aims to increase the factory's space by more than 50%, supporting key missile programs like the Glide Phase Interceptor.

How many new jobs will the expansion create in the Huntsville region?

The expansion will bring an estimated 185 new jobs to the area, growing RTX's employee footprint in Alabama to more than 2,200 people.

What missile programs does the Redstone Raytheon Missile Integration Facility currently handle?

The facility currently handles integration of nine variants of the Standard Missile family, including Standard Missile-3 and Standard Missile-6.

What is the significance of the Glide Phase Interceptor (GPI) program?

GPI will be the first-ever interceptor to defeat the emerging threat of hypersonic glide vehicles in their vulnerable glide phase of flight.

When is the construction of the expansion at the Redstone facility scheduled to conclude?

Expansion construction is scheduled to conclude in 2025.

RTX Corporation

NYSE:RTX

RTX Rankings

RTX Latest News

RTX Stock Data

134.81B
1.20B
0.09%
87.12%
2.6%
Aircraft Engine and Engine Parts Manufacturing
Manufacturing
Link
United States of America
ARLINGTON

About RTX

Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services.