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RTX's Raytheon awarded U.S. Navy contract for Next Generation Jammer Mid-Band Expansion

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Raytheon, an RTX business, has secured a $192 million contract from the U.S. Navy to develop the Next Generation Jammer Mid-Band Expansion (NGJ-MBX). This upgrade to the current NGJ-MB system will extend its frequency range to counter additional threats and improve operational effectiveness. The NGJ-MB, including MBX, is a cooperative program with the Royal Australian Air Force and is employed on the EA-18G GROWLER® to target advanced electronic warfare threats.

Barbara Borgonovi, president of Naval Power at Raytheon, emphasized the importance of Offensive Electronic Attack in supporting strike packages and kinetic weapons across various missions. The contract work will be carried out in Dallas, Forest (Michigan), El Segundo (California), and Fort Wayne (Indiana) through 2027.

Raytheon, un'azienda di RTX, ha ottenuto un contratto di 192 milioni di dollari dalla Marina degli Stati Uniti per sviluppare il Next Generation Jammer Mid-Band Expansion (NGJ-MBX). Questo aggiornamento al sistema attuale NGJ-MB estenderà la sua gamma di frequenze per contrastare minacce aggiuntive e migliorare l'efficacia operativa. Il NGJ-MB, incluso MBX, è un programma cooperativo con la Royal Australian Air Force ed è impiegato sull'EA-18G GROWLER® per affrontare minacce avanzate di guerra elettronica.

Barbara Borgonovi, presidente della Naval Power di Raytheon, ha sottolineato l'importanza dell'Attacco Elettronico Offensivo nel supportare i pacchetti di attacco e le armi cinetiche in diverse missioni. I lavori del contratto saranno eseguiti a Dallas, Forest (Michigan), El Segundo (California) e Fort Wayne (Indiana) fino al 2027.

Raytheon, una empresa de RTX, ha asegurado un contrato de 192 millones de dólares de la Marina de los EE. UU. para desarrollar el Next Generation Jammer Mid-Band Expansion (NGJ-MBX). Esta actualización del actual sistema NGJ-MB extenderá su rango de frecuencias para contrarrestar amenazas adicionales y mejorar la efectividad operativa. El NGJ-MB, incluido el MBX, es un programa cooperativo con la Royal Australian Air Force y se emplea en el EA-18G GROWLER® para enfrentar amenazas avanzadas de guerra electrónica.

Barbara Borgonovi, presidenta de Naval Power en Raytheon, enfatizó la importancia del Ataque Electrónico Ofensivo para apoyar paquetes de ataque y armas cinéticas en diversas misiones. El trabajo del contrato se llevará a cabo en Dallas, Forest (Michigan), El Segundo (California) y Fort Wayne (Indiana) hasta 2027.

RTX의 사업부인 Raytheon은 미국 해군으로부터 1억 9,200만 달러 계약을 체결하여 차세대 재밍 중대역 확장(NGJ-MBX)을 개발하게 되었습니다. 현재 NGJ-MB 시스템에 대한 이 업그레이드는 추가 위협을 대응하고 운영 효율성을 향상시키기 위해 주파수 범위를 확장합니다. NGJ-MB는 MBX와 함께 호주 공군과의 협력 프로그램으로, EA-18G GROWLER®에 장착되어 고급 전자전 위협을 타겟팅합니다.

Raytheon의 해양 전력 부문장인 Barbara Borgonovi는 다양한 임무에서 공격 패키지와 운동 에너지를 지원하는 데 있어 공격적 전자 공격의 중요성을 강조했습니다. 계약 업무는 2027년까지 달라스, 포레스트(미시간), 엘 세군도(캘리포니아) 및 포트 웨인(인디애나)에서 수행될 것입니다.

Raytheon, une entreprise de RTX, a obtenu un contrat de 192 millions de dollars de la Marine américaine pour développer le Next Generation Jammer Mid-Band Expansion (NGJ-MBX). Cette mise à niveau du système NGJ-MB actuel étendra sa plage de fréquence pour contrer des menaces supplémentaires et améliorer l'efficacité opérationnelle. Le NGJ-MB, y compris le MBX, est un programme coopératif avec la Royal Australian Air Force et est utilisé sur le EA-18G GROWLER® pour cibler des menaces avancées de guerre électronique.

Barbara Borgonovi, présidente de Naval Power chez Raytheon, a souligné l'importance de l'attaque électronique offensive pour soutenir des paquets de frappe et des armes cinétiques dans diverses missions. Les travaux du contrat seront menés à bien à Dallas, Forest (Michigan), El Segundo (Californie) et Fort Wayne (Indiana) jusqu'en 2027.

Raytheon, ein Unternehmen von RTX, hat einen Vertrag über 192 Millionen US-Dollar von der US Navy erhalten, um den Next Generation Jammer Mid-Band Expansion (NGJ-MBX) zu entwickeln. Dieses Upgrade des aktuellen NGJ-MB Systems wird seinen Frequenzbereich erweitern, um zusätzliche Bedrohungen zu bekämpfen und die operationale Effektivität zu verbessern. Das NGJ-MB-System, einschließlich MBX, ist ein gemeinsames Programm mit der Royal Australian Air Force und wird auf dem EA-18G GROWLER® eingesetzt, um fortgeschrittene Bedrohungen der elektronischen Kriegsführung zu bekämpfen.

Barbara Borgonovi, Präsidentin der Naval Power bei Raytheon, betonte die Bedeutung des offensiven elektronischen Angriffs zur Unterstützung von Angriffspaketen und kinetischen Waffen in verschiedenen Missionen. Die Vertragsarbeiten werden bis 2027 in Dallas, Forest (Michigan), El Segundo (Kalifornien) und Fort Wayne (Indiana) durchgeführt.

Positive
  • Secured a $192 million contract from the U.S. Navy
  • Developing an upgrade to counter new adversary threats
  • Cooperative program with the Royal Australian Air Force
  • Contract work to be carried out through 2027
Negative
  • None.

Insights

This $192 million contract for Raytheon to develop the Next Generation Jammer Mid-Band Expansion (NGJ-MBX) is a significant win for RTX. The upgrade extends the frequency range of the current NGJ-MB system, enhancing its ability to counter emerging threats. This development aligns with the increasing importance of electronic warfare in modern military operations.

Key points to consider:

  • The contract strengthens RTX's position in the naval electronic warfare market.
  • Collaboration with the Royal Australian Air Force adds international value and potential for future exports.
  • The timeline through 2027 suggests a steady revenue stream for this project.
  • Enhanced capabilities could lead to additional contracts or upgrades for existing systems.

While the contract value is relatively modest compared to RTX's $160 billion market cap, it reinforces the company's technological edge in a critical defense sector. Investors should view this positively as it demonstrates RTX's continued relevance in advanced military systems.

This contract award is a positive development for RTX, albeit with a modest financial impact given the company's size. The $192 million contract value represents approximately 0.12% of RTX's market capitalization. However, its strategic importance shouldn't be underestimated.

Financial considerations:

  • Revenue recognition likely spread over the contract duration until 2027, providing steady but incremental top-line growth.
  • Potential for follow-on contracts or international sales could amplify the long-term financial impact.
  • Margins on defense contracts are typically stable, contributing to predictable profitability.
  • Investment in R&D for this project may lead to spin-off technologies applicable to other product lines.

While not a game-changer for RTX's financials, this contract reinforces the company's strong position in defense electronics and contributes to a robust order backlog. Investors should view this as a positive indicator of RTX's competitive edge in high-tech defense systems.

Capability upgrade will counter new adversary threats

MCKINNEY, Texas, Oct. 1, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been awarded a $192 million contract from the U.S. Navy to develop the Next Generation Jammer Mid-Band Expansion (NGJ-MBX), an upgrade to the current Next Generation Jammer Mid-Band (NGJ-MB) system.

This modification will extend the frequency range of the NGJ-MB system to counter additional threats. MBX provides additional capabilities to improve operational effectiveness.

"Offensive Electronic Attack provides a tremendous combat capability supporting strike packages and kinetic weapons across a broad range of missions," said Barbara Borgonovi, president of Naval Power at Raytheon. "With this upgrade, we'll ensure our naval aviators in all theaters are better prepared to counter new adversary threats and provide greater combat power throughout their missions."

NGJ-MB, to include MBX, is a cooperative development and production program with the Royal Australian Air Force. It is an airborne electronic attack system consisting of two pods containing active electronically scanned arrays that radiate in the mid-band frequency range.

The U.S. Navy employs NGJ-MB on the EA-18G GROWLER® to target advanced electronic warfare threats.

Work under this contract will take place in Dallas; Forest, Michigan; El Segundo, California; and Fort Wayne, Indiana through 2027.

About Raytheon
Raytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies and partners defend their national sovereignty and ensure their security. For more than 100 years, Raytheon has developed new technologies and enhanced existing capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics and missile defense across land, air, sea and space.

About RTX
With more than 185,000 global employees, RTX pushes the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2023 sales of $69 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact corporatepr@rtx.com 

 

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SOURCE RTX

FAQ

What is the value of the contract awarded to Raytheon (RTX) for the Next Generation Jammer Mid-Band Expansion?

Raytheon, an RTX business, has been awarded a $192 million contract from the U.S. Navy for the Next Generation Jammer Mid-Band Expansion (NGJ-MBX).

What is the purpose of the Next Generation Jammer Mid-Band Expansion (NGJ-MBX) for RTX?

The NGJ-MBX is an upgrade to the current NGJ-MB system that will extend its frequency range to counter additional threats and improve operational effectiveness for naval aviators.

Which aircraft uses the Next Generation Jammer Mid-Band system developed by RTX?

The U.S. Navy employs the Next Generation Jammer Mid-Band (NGJ-MB) system on the EA-18G GROWLER® aircraft to target advanced electronic warfare threats.

When is the contract work for RTX's Next Generation Jammer Mid-Band Expansion expected to be completed?

The contract work for RTX's Next Generation Jammer Mid-Band Expansion is scheduled to be carried out through 2027.

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