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Stock impact report

RTX's Raytheon and Ursa Major conduct successful flight test

RTX Corporation (RTX) 
Company Research Source: PR Newswire
Key milestone for the rapid development of affordable, long-range precision munitionsTUCSON, Ariz., Dec. 18, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, and Ursa Major announced its advanced long-range solid rocket motor completed a successful missile flight test for the U.S. Army. The companies' combined experience and expertise in digital engineering was a critical factor in accelerating the design and development of this transformational capability."These long-range solid rocket motors will allow the U.S. Army and allies to strike farther and faster than anything our adversaries have in their arsenals," said Tom Laliberty, president of Land and Air Defense Systems at Raytheon. "This long-range rocket motor technology fills the essential role of providing affordable precision fires, while increasing range, safety, and magazine depth." Raytheon and Ursa Major's technical approach composes innovative, low-cost component technologies to deliver a new generation of smart Show less Read more
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