Raytheon, a subsidiary of RTX, said it plans to increase production of key military hardware after reaching multiyear agreements with the government. The work will include production done at its Huntsville facility on Redstone Arsenal.
The guaranteed Pentagon demand would allow the company to ramp up the production of Tomahawk cruise missiles, air-to-air missiles and ballistic missile interceptors over the next seven years.
“Many of these munitions will grow 2 to 4 times their existing production rates,” the defense contractor said in an announcement last week…