Northrop, Raytheon win hypersonic defense contracts - Reuters

Jun. 24, 2022 5:02 PM ETRaytheon Technologies Corporation (RTX), NOCLMTBy: Carl Surran, SA News Editor3 Comments
  • Northrop Gurmman (NYSE:NOC) and Raytheon Technologies (NYSE:RTX) were awarded separate U.S. Department of Defense contracts to continue developing missiles to intercept hypersonic weapons, Reuters reported on Friday.
  • Lockheed Martin (LMT), which also was competing for a contract, reportedly was eliminated.
  • Hypersonic weapons are capable of flight at speeds 5x the speed of sound and can maneuver mid-flight, which makes tracking them difficult.
  • Northrop Grumman (NOC) has attractive platforms that meet current and future national security needs for the U.S. and its allies in an evolving threat environment, Dhierin Bechai writes in a bullish analysis posted recently on Seeking Alpha.

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