RTX Corp's British Unit Raytheon UK to Receive and Integrate UK's First Laser Weapon System in October
Portfolio Pulse from Benzinga Newsdesk
Raytheon UK, a unit of RTX Corp (NYSE:RTX), is set to receive its first high-energy laser weapon system for testing and integration in the UK. The 15-kilowatt laser, designed to stop aerial threats like UAVs, is part of the UK Ministry of Defence's Land Demonstrator programme. Raytheon UK was contracted in 2021 to develop and install the laser system on a UK Wolfhound armored vehicle.
September 13, 2023 | 8:03 am
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The news of Raytheon UK, a unit of RTX Corp, receiving and integrating the UK's first laser weapon system could potentially boost RTX's reputation in the defence sector and may have a positive impact on its stock price.
The news directly pertains to RTX Corp as Raytheon UK is its unit. The successful integration of the laser weapon system could enhance RTX's reputation in the defence sector, potentially leading to more contracts and a positive impact on its stock price.
CONFIDENCE 80
IMPORTANCE 75
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