RTX's Raytheon, Avio sign MoU to establish new solid rocket motor facility in the U.S.
Rhea-AI Summary
Raytheon (NYSE: RTX) signed a Memorandum of Understanding with Avio to support establishment of a solid rocket motor (SRM) facility in the U.S. Raytheon will have preferred access to a share of the plant's production capacity to meet future demand. This builds on a July 2024 contract for preliminary engineering on the Mk 104 motor and a recent purchase order funding work through Critical Design Review and long‑lead procurement.
The MoU positions Avio as a vertically integrated merchant supplier in the U.S. and aims to expand SRM supply for Raytheon and other customers to support U.S. and allied defense needs.
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News Market Reaction 1 Alert
On the day this news was published, RTX gained 1.16%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Facility will be instrumental in meeting growing demand
This strategic partnership marks another significant milestone in the collaboration between the two companies, building on a contract signed in July 2024 for preliminary engineering work on the Mk 104 rocket motor and a recent purchase order to fund through Critical Design Review and procurement of long lead material for qualification.
"This agreement will help establish an additional supplier of solid rocket motors within the
The new Avio facility will be instrumental in meeting the growing demand for advanced SRMs and will contribute to the continued success of both companies in delivering high-quality defense products. Avio and Raytheon are committed to working together to ensure the successful implementation of this initiative and to support the defense needs of
"We are proud to be partnered with Raytheon for their future production capacity needs at our new factory facility. We look forward to leveraging the incredible pedigree and experience of our parent company Avio S.p.A. as we build our factory and establish in the
About Raytheon
Raytheon, an RTX business, is a leading provider of defense solutions to help the
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 2024 sales of more than
Avio is a leading international group engaged in the manufacturing and development of space launchers and solid, liquid and cryogenic propulsion systems. The experience and know-how built up over more than 50 years puts Avio at the cutting-edge of the space launcher sector and defense program. Avio is present in
Avio
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SOURCE RTX