RTX Has Been Awarded A 3-Year, 2-Phase Contract From DARPA To Develop Foundational Ultra-Wide Bandgap Semiconductors
Portfolio Pulse from Benzinga Newsdesk
Raytheon, an RTX business, has secured a 3-year contract from DARPA to develop ultra-wide bandgap semiconductors using diamond and aluminum nitride technology. This project aims to enhance power delivery and thermal management in electronic applications.
October 02, 2024 | 1:05 pm
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RTX's Raytheon business has been awarded a significant DARPA contract to develop advanced semiconductors, potentially boosting its technological edge and market position.
The DARPA contract positions RTX at the forefront of semiconductor technology, likely enhancing its market competitiveness and innovation reputation. This could positively influence investor sentiment and stock performance.
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