Raytheon Missile sales go from strength to strength
Raytheon enters the final quarter of the year in a strong financial position supported by continued international and domestic demand across its missile portfolio.
For its third quarter earnings, the company reported net sales growth of 10% for its missile systems segment compared with Q3 2016, driven primarily by guided munition programmes including Paveway and Excalibur.
The most notable booking in the quarter was for the development of the Redesigned Kill Vehicle (RKV), a contract worth $492 million.
Speaking on the results, Thomas Kennedy, CEO of Raytheon, said the missile segment is on track to 'dominate 2018 growth'.
‘We are seeing, especially
Already have an account? Log in
Want to keep reading this article?
More from Defence Notes
-
UK releases security strategy and plans for future defence spending boost
The UK’s National Security Strategy brings together the recently released Strategic Defence Review (SDR), Strategic Security Review, AUKUS Review and Industrial and Trade Strategies. At the same time, the UK made a commitment to reach defence spending of 5% of GDP by 2035 and Germany committed to 3.5% by 2029.
-
Pentagon’s FY26 defence budget proposal is $130 billion more than US Congress plans to provide
The House Committee on Appropriations approved a FY2026 bill reducing investments in main defence programmes.
-
What role could holographic and 3D capabilities play in the warfare of tomorrow
Holographic and 3D technologies have been lauded by some for their ability to provide technical and operational advantages for military training and planning. But is the hype truly justified?
-
Unfolding the Golden Dome for America: Seven things you should know about the programme
Shephard talked to multiple experts about the most pressing concerns and considerations regarding the air defence system advocated by President Trump.