RTX's Raytheon completes $50 million expansion of Mississippi manufacturing facility

RTX (NYSE: RTX) announced that its Raytheon business has completed a $50 million, 17,000 square‑foot expansion of its manufacturing facility in Forest, Mississippi.

Rhea-AI Summary

RTX (NYSE: RTX) announced that its Raytheon business has completed a $50 million, 17,000 square‑foot expansion of its manufacturing facility in Forest, Mississippi. The project is expected to boost production capacity for critical electronic warfare and radar systems and create 100 high-skill jobs by 2028.

The Forest site now totals 445,000 square feet, following three expansions over the past decade that together represent $280 million in capital investment. The latest addition will serve as a hub for production, test and integration of Next Generation Jammer Mid‑Band pods for the U.S. Navy and Australian government, as well as other airborne radar programs.

Positive

• $50 million capital investment to expand Forest, Mississippi facility by 17,000 square feet
• Manufacturing footprint increased to 445,000 square feet, among largest defense plants in Mississippi
• Three Forest facility expansions over a decade totaling $280 million in capital investment
• Expansion expected to create 100 high-skill jobs by 2028
• New space designated as hub for Next Generation Jammer Mid‑Band pod production and integration

Negative

• Project required a $50 million capital outlay for the latest Forest expansion
• New high-skill jobs are expected to be created gradually through 2028, not immediately

Argus Aug 27 session

+0.02% close to close Open Argus

Details

News Market Reaction – RTX

On Aug 27, the day this news came out, RTX closed 0.02% above the previous close.

Data tracked by StockTitan Argus for the Aug 27 session.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Expansion to boost production capacity for critical defense systems and create 100 high-skill jobs

FOREST, Miss., Aug. 27, 2026 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has completed a 17,000 square-foot expansion of its Forest, Mississippi manufacturing facility. Supported by a $50 million capital investment, the project will boost production capacity for critical electronic warfare and radar systems and is expected to create 100 high-skill jobs by 2028.

"Completing this expansion underscores our long-term commitment to Forest and the state of Mississippi," said Barbara Borgonovi, president of Naval Power at Raytheon. "Together with state and local partners, we're building the workforce, infrastructure and capabilities needed to boost production in support of critical national defense programs."

Raytheon's Forest site now encompasses 445,000 square feet of manufacturing space, making it one of the largest defense manufacturing plants in the state. Over the past decade, the company has completed three facility expansions totaling $280 million in capital investment, including a 20,000 square‑foot addition in 2013 and a 50,000 square‑foot radar production and testing facility completed in 2020.

The most recent expansion will serve as a hub for production, test and integration of Next Generation Jammer Mid-Band (NGJ-MB) pods for the U.S. Navy and Australian government, as well as other airborne radar programs, further strengthening Mississippi's role in supporting critical defense capabilities for the United States and its allies.

"Raytheon's expansion is not only a great economic development win for Mississippi but also an important investment in America's national security. I'm incredibly proud of the role Mississippi plays in defending our nation and supporting the men and women who protect our freedoms. This project will build on our state's proud legacy while bringing 100 high-skill jobs to Forest. It's another big win for Scott County and Mississippi." – Mississippi Governor Tate Reeves

"Rebuilding the American Arsenal creates more opportunities and more jobs right here at home. Today, our partners at Raytheon are expanding their manufacturing capacity and bringing 100 new jobs to Forest, Mississippi. These are critical jobs modernizing our military and supporting our troops – work Mississippi families can be proud of." – U.S. Senator Roger Wicker, Chairman of the Senate Armed Services Committee

For 40 years, Raytheon has been part of the Forest community and continues to invest in opportunities that strengthen the region's workforce, education system and local support networks.

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-completes-50-million-expansion-of-mississippi-manufacturing-facility-302859721.html

SOURCE RTX

FAQ

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

What did RTX (NYSE: RTX) announce about its Forest, Mississippi facility on August 27, 2026?

RTX announced Raytheon completed a 17,000 square-foot expansion of its Forest, Mississippi manufacturing facility. According to RTX, the $50 million project will increase production capacity for electronic warfare and radar systems and support future growth at one of Mississippi’s largest defense manufacturing plants.

How much did Raytheon invest in the 2026 expansion of its Mississippi manufacturing facility (RTX)?

Raytheon invested $50 million in the latest Forest, Mississippi facility expansion. According to RTX, this capital project added 17,000 square feet and contributes to three expansions over the last decade, bringing total capital investment at the Forest site to approximately $280 million.

How many jobs will RTX’s 2026 Mississippi expansion create and by when?

The Forest, Mississippi expansion is expected to create 100 high-skill jobs by 2028. According to RTX, these roles will support increased production of electronic warfare and radar systems and strengthen the local workforce over the next several years as the facility ramps activity.

What defense systems will be produced at Raytheon’s expanded Forest, Mississippi facility (RTX)?

The new expansion will focus on production, test and integration of Next Generation Jammer Mid-Band pods. According to RTX, the facility will support NGJ‑MB for the U.S. Navy and Australian government, along with other airborne radar programs critical to national defense.

How large is Raytheon’s Forest, Mississippi manufacturing site after the 2026 expansion?

Following the latest project, Raytheon’s Forest facility encompasses 445,000 square feet of manufacturing space. According to RTX, this scale makes it one of the largest defense manufacturing plants in Mississippi and a key site for advanced radar and electronic warfare production.

How much has RTX’s Raytheon invested in its Forest, Mississippi site over the past decade?

Over the past decade, Raytheon has completed three expansions at Forest totaling about $280 million in capital investment. According to RTX, these projects include additions in 2013, 2020, and the latest 17,000 square-foot expansion supporting electronic warfare and radar production growth.

What is RTX’s overall business scale mentioned in relation to the 2026 Mississippi expansion?

RTX reported 2025 sales of more than $88 billion, highlighting its large global scale. According to RTX, the company employs over 180,000 people worldwide and uses its capabilities in aviation and integrated defense systems to address critical challenges for government and commercial customers.