RTX's Raytheon awarded $74 million U.S. Navy contract for RAM Guided Missile Launching System

Rhea-AI Summary

RTX (NYSE: RTX) subsidiary Raytheon has secured a $74 million contract from the U.S. Navy to produce RAM Guided Missile Launching Systems (GMLS). The contract, representing the largest U.S. RAM launcher order in over 20 years, includes new launcher systems, refurbishments of existing systems, and hardware for upgrades.

The RAM weapon system, a U.S.-Germany bilateral partnership with Raytheon as the U.S. Navy's prime contractor, is deployed on over 165 ships across 11 countries. The system is being installed on several new U.S. Navy ship classes, including Arleigh Burke class destroyers. Work will primarily be conducted in Louisville, Kentucky, with completion expected by 2028.

Positive

• Secured significant $74 million contract from U.S. Navy
• Largest single U.S. RAM launcher order in over 20 years
• Strong international presence with deployment on 165+ ships across 11 countries
• Continued expansion with installation on new U.S. Navy ship classes

Negative

• None.

News Market Reaction

+1.64%

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+1.64% News Effect

On the day this news was published, RTX gained 1.64%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

System is the world's most modern short range ship self-defense weapon

LOUISVILLE, Ky., July 14, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $74 million contract to produce RAM Guided Missile Launching Systems (GMLS) for the U.S. Navy.

Under the contract, Raytheon will provide several new launcher systems, refurbishments on current systems, and hardware required to support upgrades as well as various spares.

"This contract marks the largest single order of U.S. RAM launchers in over two decades and will ensure our naval assets remain well-protected against anti-ship threats," said Barbara Borgonovi, president of Naval Power at Raytheon. "Our continued investment in modernizing production capacity enables us to meet the growing global demand for the world's most modern short range ship self-defense weapon system."

Celebrating its 50^th anniversary next year, the RAM weapon system – which consists of the RAM launcher and missiles – is a bilateral partnership between the U.S. and Germany with Raytheon serving as a prime contractor for U.S. Navy requirements. The system is currently deployed on more than 165 ships in 11 countries ranging from fast patrol boats to aircraft carriers and is being installed on several new U.S. Navy ship classes, including the Arleigh Burke class of guided-missile destroyers.

Majority of work under this contract will be performed in Louisville, Kentucky and is expected to be completed by 2028.

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 2024 sales of more than $80 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-74-million-us-navy-contract-for-ram-guided-missile-launching-system-302503547.html

SOURCE RTX

FAQ

What is the value of RTX's new U.S. Navy contract for RAM systems?

RTX's Raytheon business was awarded a $74 million contract to produce RAM Guided Missile Launching Systems for the U.S. Navy.

How many ships currently use RTX's RAM weapon system?

The RAM weapon system is currently deployed on more than 165 ships across 11 countries, ranging from fast patrol boats to aircraft carriers.

When will RTX complete the RAM launcher contract work?

The majority of the contract work will be performed in Louisville, Kentucky, and is expected to be completed by 2028.

Which U.S. Navy ships will receive RTX's RAM launching systems?

The RAM system is being installed on several new U.S. Navy ship classes, including the Arleigh Burke class of guided-missile destroyers.

What is unique about RTX's RAM weapon system contract?

This contract represents the largest single order of U.S. RAM launchers in over two decades and is part of a bilateral partnership between the U.S. and Germany.