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Stock impact report

RTX's Lower Tier Air and Missile Defense Sensor positioned for production [Yahoo! Finance]

Raytheon Technologies Corporation (RTX) 
Company Research Source: Yahoo! Finance
transitioning to production of its Lower Tier Air and Missile Defense Sensor , or LTAMDS, after completing the U.S. Army's rigorous flight test program and achieving the Department of Defense's Major Capability Acquisition Milestone C designation. LTAMDS has completed eight successful flight tests of increasing complexity to stress the radar and prove its capabilities against real-world threats. This led the Army to validate that the radar has reached Milestone C, initiating the production and deployment phase of the program. LTAMDS is now officially designated a program of record by the U.S. Army and ready to support both its U.S. homeland defense and expeditionary missions. "This is an unprecedented achievement, with a development program of this magnitude transitioning from prototype to production and deployment at an accelerated pace," said Tom Laliberty , president of Land and Air Defense Systems at Raytheon. "Our collaborative partnership with the U.S. Army and our broad bas Show less Read more
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