RTX's Raytheon awarded $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles

RTX (NYSE: RTX) announced that its Raytheon business received a $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles, related hardware and software for U.S. and Foreign Military Sales customers.

Rhea-AI Summary

RTX (NYSE: RTX) announced that its Raytheon business received a $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles, related hardware and software for U.S. and Foreign Military Sales customers.

Raytheon is increasing AIM-9X production capacity to 2,500 missiles per year, with most contract work in Tucson, Arizona, where it is expanding its engineering workforce.

Positive

• $1.1 billion U.S. Navy contract for AIM-9X Block II production
• AIM-9X production capacity increasing to 2,500 missiles per year
• Contract supports both U.S. inventory and allied Foreign Military Sales demand
• Majority of contract work and engineering workforce expansion in Tucson, Arizona

Negative

• None.

Argus Jun 26 session

+0.75% close to close Open Argus

Details

News Market Reaction – RTX

On Jun 26, the day this news came out, RTX closed 0.75% above the previous close.

Data tracked by StockTitan Argus for the Jun 26 session.

Market Context

This announcement adds a sizeable $1.1 billion Navy contract and targets AIM-9X capacity of 2,500 mi...

Analysis

This announcement adds a sizeable $1.1 billion Navy contract and targets AIM-9X capacity of 2,500 missiles annually. RTX has seen mixed stock responses to similar awards; an effective shelf and low short interest remain key backdrop factors to watch.

Key Figures

Contract value: $1.1 billion Annual production capacity: 2,500 missiles per year Allied and partner nations: more than 35 nations

Contract value

$1.1 billion

U.S. Navy AIM-9X Block II production award

Annual production capacity

2,500 missiles per year

Planned AIM-9X output to meet growing demand

Allied and partner nations

more than 35 nations

Countries using AIM-9X system

Historical Context

5 past events · Latest: Jun 25

5 events

1. Jun 25

   Board appointment

   24h Move

   +0.8%

   High-profile defense leader added to board to support strategic growth.

2. Jun 09

   Facility expansion

   24h Move

   +1.8%

   Collins Aerospace invests in Malaysia MRO expansion to tap Asia-Pacific demand.

3. Jun 08

   Capacity investment

   24h Move

   -1.5%

   RTX invests in Rhode Island radar and interceptor capacity for rising demand.

4. Jun 03

   Navy radar contract

   24h Move

   -1.0%

   Raytheon wins follow-on SPY-6 radar contract supporting destroyer upgrades.

5. Jun 02

   Manufacturing expansion

   24h Move

   -0.1%

   Collins expands Poland landing gear plant to increase capacity and jobs.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

foreign military sales, infrared tracking

2 terms

foreign military sales regulatory

"for U.S. and Foreign Military Sales customers."

Foreign military sales are transactions where one country sells military equipment, technology, or services to another country. These sales often involve government agreements and can influence international relationships and stability. For investors, understanding foreign military sales can indicate geopolitical stability and potential shifts in defense-related industries or government spending.

infrared tracking technical

"the most advanced infrared tracking, short-range air-to-air and surface-to-air missile"

Infrared tracking uses sensors that read heat (infrared) energy to detect, locate and follow people, objects or physiological signals — for example tracking movement in darkness or monitoring blood flow and skin temperature in medical devices. For investors, the presence of infrared tracking can signal a product advantage, potential for recurring sales and data services, and specific safety or regulatory checks that affect development costs and market adoption, much like 'night vision' adds capability where normal cameras can’t see.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Award continues program expansion capacity to meet rising domestic and international demand

TUCSON, Ariz., June 26, 2026 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $1.1 billion contract from the U.S. Navy to produce AIM-9X Block II missiles to bolster U.S. military inventory and meet increased demand from allied nations.

Under the contract, Raytheon will produce AIM-9X missiles along with associated hardware and software for U.S. and Foreign Military Sales customers.

"Our teams have streamlined production, shortened lead times and ramped up deliveries of AIM-9X missiles to keep pace with growing demand," said Barbara Borgonovi, president of Naval Power at Raytheon. "This contract, along with our close partnership with the U.S. Navy, allows us to sustain that momentum and ensure U.S. and allied forces have this advanced, combat-proven capability they depend on in high threat environments."

AIM-9X is the most advanced infrared tracking, short-range air-to-air and surface-to-air missile, and it is combat-proven in multiple theaters around the world. The system is configured for easy installation on a wide range of modern aircraft and provides layered defense options with ground launched capabilities, including the National Advanced Surface to Air Missile System (NASAMS).

Trusted by the U.S. and more than 35 allied and partner nations, AIM-9X is a critical asset for ensuring strategic deterrence and operational advantage worldwide. To meet growing demand, Raytheon is increasing its production capacity to 2,500 missiles per year.

A majority of the work under this contract will take place in Tucson, Arizona. Raytheon is significantly expanding its engineering workforce in Tucson to support critical military programs across domains. Engineers with active security clearances and relevant technical experience ready to make a difference helping connect and protect our world can learn more by visiting our website.

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
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.

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

View original content:https://www.prnewswire.com/news-releases/rtxs-raytheon-awarded-1-1-billion-us-navy-contract-to-produce-aim-9x-block-ii-missiles-302811401.html

SOURCE RTX

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did RTX (RTX) announce about the AIM-9X Block II contract on June 26, 2026?

RTX announced that Raytheon received a $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles. According to Raytheon, the award covers missiles plus associated hardware and software for U.S. forces and Foreign Military Sales customers, addressing rising global demand.

How large is the U.S. Navy AIM-9X Block II missile contract awarded to RTX (RTX)?

The U.S. Navy awarded Raytheon, part of RTX, a $1.1 billion contract for AIM-9X Block II production. According to Raytheon, this funding supports missile manufacture, hardware, software and deliveries to both U.S. military inventory and allied nations through Foreign Military Sales programs.

How many AIM-9X missiles per year will RTX (RTX) produce under the new contract?

Raytheon plans to increase AIM-9X missile production capacity to 2,500 units per year. According to Raytheon, this higher output is intended to meet growing domestic U.S. requirements and strengthened demand from more than 35 allied and partner nations using the AIM-9X system.

Which RTX (RTX) facilities will perform most of the work on the AIM-9X Block II contract?

A majority of the work on the $1.1 billion AIM-9X Block II contract will occur in Tucson, Arizona. According to Raytheon, the company is significantly expanding its engineering workforce there to support AIM-9X and other critical multi-domain military programs.

How does the AIM-9X Block II missile support U.S. and allied forces according to RTX (RTX)?

The AIM-9X Block II provides infrared, short-range air-to-air and surface-to-air capability for U.S. and allied forces. According to Raytheon, it is combat-proven, integrates on many modern aircraft, and supports ground-launched systems such as NASAMS for layered air defense.

What opportunities does RTX (RTX) highlight for engineers related to the AIM-9X contract?

Raytheon is expanding its engineering workforce in Tucson, Arizona to support the AIM-9X contract and other programs. According to Raytheon, engineers with active security clearances and relevant technical experience are encouraged to explore career opportunities via the company’s website.