Raytheon tops Lockheed, Boeing for $1B hypersonic cruise missile order (NYSE:RTX) – Jnews

Raytheon tops Lockheed, Boeing for $1B hypersonic cruise missile order (NYSE:RTX) – Jnews

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On this article, you’ll get all the data concerning Raytheon tops Lockheed, Boeing for $1B hypersonic cruise missile order (NYSE:RTX) – Jnews

Missile launch at night.  The elements of this image furnished by NASA.

Elen11/iStock through Getty Pictures

Raytheon Applied sciences (NYSE:RTX) +0.7% post-market Thursday after beating Lockheed Martin (LMT) and Boeing (BA) for a $985M contract award from the US Division of Protection contract to design, develop and produce the brand new Hypersonic Assault Cruise Missile.

The HACM, which can use air-breathing propulsion to succeed in 5x the velocity of sound, would be the US Air Drive’s second hypersonic missile after Lockheed’s ARRW, which is boosted into the environment after which glides to its goal.

Air Drive officers have indicated the HACM is perhaps used on each fighters and bombers, with one official saying a B-52 bomb may doubtlessly carry as many as 20, in accordance with Bloomberg.

Raytheon (RTX) affords “high-quality dividends at a incredible worth,” Leo Nelissen writes in a bullish evaluation revealed just lately on Searching for Alpha.

Raytheon tops Lockheed, Boeing for $1B hypersonic cruise missile order (NYSE:RTX) – Jnews

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