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RTX's Raytheon ELCAN selected to deliver customised Specter® DR sights for German Armed Forces

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RTX (NYSE: RTX) said Raytheon ELCAN won a production contract to supply a customised Specter® DR 1-4x weapon sight to the German Armed Forces as part of Germany's soldier modernization program.

The bespoke configuration integrates an Aimpoint® reflex sight and builds on European orders exceeding 100,000 units since August 2024, with total value above €193 million.

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Positive

  • Orders >100,000 Specter DR sights across Europe since August 2024
  • Collective European orders valued at €193 million+
  • New production contract to supply a customised Specter DR to German Armed Forces
  • Integrated Aimpoint reflex secondary sight for rapid close-to-mid-range transitions

Negative

  • None.

Key Figures

Specter DR sights ordered: more than 100,000 sights Order value: exceeding €193 million
2 metrics
Specter DR sights ordered more than 100,000 sights Collective orders by Germany, Denmark, Lithuania, Spain, Italy, Finland since Aug 2024
Order value exceeding €193 million Total value of Specter DR European orders since Aug 2024

Market Reality Check

Price: $198.46 Vol: Volume 10,136,926 is 1.44...
normal vol
$198.46 Last Close
Volume Volume 10,136,926 is 1.44x the 20-day average of 7,061,533, indicating elevated trading activity. normal
Technical Price at $198.46 is above the 200-day MA of $165.69 and about 4% below the 52-week high of $206.73.

Peers on Argus

RTX down 1.71% contrasts with key aerospace & defense peers trading higher (e.g....

RTX down 1.71% contrasts with key aerospace & defense peers trading higher (e.g., BA +1.8%, HWM +1.73%, LMT +0.93%), pointing to a stock-specific move rather than a sector-wide reaction.

Historical Context

5 past events · Latest: Feb 20 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
Feb 20 Autonomy test flight Positive +0.1% Sidekick autonomy software completed a four-hour autonomous YFQ-42A test flight.
Feb 20 Weapon approval Positive +0.1% U.S. Navy approved StormBreaker smart weapon for operational Super Hornet use.
Feb 17 Product recognition Positive +1.7% Collins Aerospace SkyNook named a 2026 Crystal Cabin Award finalist.
Feb 17 Supply chain contract Positive +1.7% Contract to develop domestic thin film lithium niobate wafer production capability.
Feb 11 Counter-drone demo Positive +0.7% Coyote Block 3NK system defeated multiple drone swarms in U.S. Army exercise.
Pattern Detected

Recent defense and autonomy-related announcements have typically seen small positive next-day moves, suggesting modest but consistently constructive reactions to contract and capability news.

Recent Company History

Over the past weeks, RTX has reported multiple defense and aerospace wins, including autonomy demonstrations, Navy weapon approvals, supply-chain strengthening materials contracts, and counter‑drone performance. These news items on Feb 11–20 were followed by modest positive moves between 0.09% and 1.72%. Today’s German Specter® DR award extends that pattern of incremental program and capability gains within Raytheon and Collins Aerospace businesses.

Regulatory & Risk Context

Active S-3 Shelf
Shelf Active
Active S-3 Shelf Registration 2025-09-18

RTX has an effective S-3ASR shelf registration dated 2025-09-18, valid until 2028-09-18, covering a broad range of securities. The filing shows 0 recorded usage events so far, indicating the shelf provides issuance flexibility but has not yet been tapped in the provided record.

Market Pulse Summary

This announcement highlights continued European demand for RTX’s Specter® DR optics, with more than ...
Analysis

This announcement highlights continued European demand for RTX’s Specter® DR optics, with more than 100,000 sights ordered since August 2024 and a total value exceeding €193 million. It extends a series of recent defense and autonomy wins for Raytheon and Collins Aerospace units. Investors may watch how such program awards translate into backlog and revenue trends, while also monitoring ongoing insider activity and the unused but effective S-3ASR shelf for potential capital-raising moves.

AI-generated analysis. Not financial advice.

Surging European demand sees orders surpass 100,000 sights

OTTAWA, ON, Feb. 25, 2026 /PRNewswire/ -- RTX (NYSE: RTX), through its Raytheon ELCAN optical systems business, has been awarded a production contract to supply a highly customised variant of its Specter® DR 1-4x weapon sight to the German Armed Forces, advancing Germany's wider soldier system modernization program.

Under the agreement, Raytheon ELCAN, in close coordination with Leonardo Germany, will deliver a bespoke configuration tailored specifically to German operational requirements. The enhanced solution integrates an Aimpoint® reflex sight mounted above the primary optic to support rapid transitions between close-quarters and mid-range engagements.

"The German Armed Forces are undertaking a major enhancement of their soldier system capability, and we are providing a tailored optical solution that supports their evolving operational needs," said Chris Reimer, Raytheon ELCAN Business Development & Strategy Manager. "This award reflects continued confidence in the Specter® DR platform and our ability to deliver rugged, mission-ready optics for Europe's frontline forces."

This award builds on accelerating demand for the Specter® DR family across Europe. Since August 2024, Germany, Denmark, Lithuania, Spain, Italy, and Finland have collectively ordered more than 100,000 Specter® DR sights, with a total value exceeding €193 million.

European soldier system programs increasingly feature advanced, customized enhancements, including multiband laser protection, custom reticles, specialized mounts, and nation-specific finishes. Many recent procurements also integrate a secondary reflex sight mounted on the Specter® DR, enabling seamless transitions between close-quarters and mid-range engagements.

Recent European awards underscore the enduring relevance of the Specter® DR family and Raytheon ELCAN's commitment to delivering high-performance, mission-ready optics tailored to allied land forces. With over two decades of operational service and widespread use across NATO and allied militaries, the Specter® DR remains one of the most trusted dual-role weapon sights worldwide.

About Raytheon ELCAN

Raytheon ELCAN, a business of RTX, is a global leader in the design and manufacture of high‑precision optical and electro‑optical solutions for military and commercial customers. Raytheon ELCAN products support land, sea, and air platforms and are trusted by armed forces around the world.

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.

 

Cision View original content:https://www.prnewswire.com/news-releases/rtxs-raytheon-elcan-selected-to-deliver-customised-specter-dr-sights-for-german-armed-forces-302695911.html

SOURCE RTX

FAQ

What did RTX announce on February 25, 2026 about the German Armed Forces contract (RTX)?

RTX announced a production contract to deliver a customised Specter DR 1-4x weapon sight to the German Armed Forces. According to the company, the variant includes an integrated Aimpoint reflex sight and supports Germany's soldier modernization program.

How many Specter DR sights have European nations ordered through August 2024 (RTX)?

European nations have ordered more than 100,000 Specter DR sights collectively. According to the company, those orders span Germany, Denmark, Lithuania, Spain, Italy, and Finland and total more than €193 million in value.

What customization does the Specter DR for Germany include (RTX)?

The German configuration includes a bespoke setup with an Aimpoint reflex sight mounted above the primary optic. According to the company, this enables rapid transitions between close-quarters and mid-range engagements.

Does the RTX award affect Specter DR demand in Europe (RTX)?

The award reinforces accelerating demand for the Specter DR family across Europe. According to the company, multiple recent procurements feature custom reticles, specialized mounts, and nation-specific finishes.

What is the significance of the Aimpoint reflex integration on the Specter DR (RTX)?

Integration of an Aimpoint reflex sight allows quick target acquisition for close-range while maintaining mid-range capability. According to the company, this dual-role setup improves soldier adaptability in varied engagement distances.

How long has the Specter DR been in operational service across allied militaries (RTX)?

The Specter DR has over two decades of operational service with NATO and allied forces. According to the company, the family remains widely used and trusted as a dual-role weapon sight globally.
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