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MarketScreener Homepage  >  Equities  >  Nyse  >  Raytheon Technologies Corporation    RTX

RAYTHEON TECHNOLOGIES CORPORATION

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Raytheon Technologies : Missiles & Defense's StormBreaker smart weapon approved for fielding on the F-15 Eagle; An F-15E carries a StormBreaker smart weapon during a test exercise near White Sands Missile Range in New Mexico

10/15/2020 | 11:43am EST

TUCSON, Ariz - Raytheon Missiles & Defense, a Raytheon Technologies business (NYSE: RTX), today announced the StormBreaker smart weapon has been approved for use on the F-15E by the U.S. Air Force's Air Combat Command. The fielding decision means that F-15E squadrons can now be equipped with StormBreaker and deployed for missions.

'StormBreaker delivers an unprecedented capability to pilots in the field,' said Paul Ferraro, vice president of Raytheon Missiles & Defense's Air Power business. 'The weapon gives airmen a significant advantage - the ability to strike maritime or land-based maneuvering targets at range in adverse weather.'

StormBreaker features an innovative multimode seeker that guides the weapon by imaging infrared, millimeter wave radar, and semi-active laser in addition to or with GPS and inertial navigation system guidance.

'The weapon has proven itself in many complex test scenarios, against a variety of targets in extreme environmental conditions, and is now ready to fly,' said Cristy Stagg, StormBreaker program director at Raytheon Missiles & Defense. 'With its multimode seeker and datalink, StormBreaker will make adverse weather irrelevant.'

StormBreaker's small size lets fewer aircraft address the same number of targets compared to larger weapons that require multiple jets. It can also fly more than 40 miles to strike mobile targets, reducing the amount of time that aircrews spend in harm's way.

The smart weapon's initial fielding on the F/A-18E/F Super Hornet for the U.S. Navy later this year and integration for fielding on the F-35 Joint Strike Fighter are next for the program.

To learn more about StormBreaker, visit us here.

About Raytheon Missiles & Defense

Raytheon Missiles & Defense produces a broad portfolio of advanced technologies, including air and missile defense systems, precision weapons, radars, and command and control systems - delivering end-to-end solutions to detect, track and engage threats. Headquartered in Tucson, Arizona, the business generated $16 billion in pro forma annual revenue in 2019 and has 30,000 employees globally. Raytheon Missiles & Defense is one of four businesses that form Raytheon Technologies Corporation.

About Raytheon Technologies

Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With 195,000 employees and four industry-leading businesses ? Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ? the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts.

Media Contact

Ian Davis

RMDPR@rtx.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 64 109 M - -
Net income 2020 1 010 M - -
Net Debt 2020 21 973 M - -
P/E ratio 2020 -40,9x
Yield 2020 2,70%
Capitalization 105 B 105 B -
EV / Sales 2020 1,98x
EV / Sales 2021 1,87x
Nbr of Employees 243 200
Free-Float 72,1%
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 76,88 $
Last Close Price 69,76 $
Spread / Highest target 31,9%
Spread / Average Target 10,2%
Spread / Lowest Target -9,69%
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Gregory J. Hayes Chief Executive Officer & Director
Thomas A. Kennedy Executive Chairman
Paolo C. Dal Cin Head-Operations & Supply Chain
Anthony F. O'Brien Chief Financial Officer
Mark E. Russell Head-Technology & Global Engineering
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