Raytheon signs contract with AVIO to continue the
development of solid rocket motor solutions to meet USG and Allied
Demand.
LONDON, July 23,
2024 /PRNewswire/ -- Farnborough Air Show --
Raytheon, an RTX (NYSE: RTX) business, signed a contract with Avio
(AVIO.MI), leaders in propulsion technology, for the development of
critical solid rocket motors for defense applications. The contract
further progresses systems engineering work required to mature
these solid rocket motors into a production-ready state.
"This partnership with Avio marks a commitment between our
companies to work together to develop resilient and responsive
production of solid rocket motors," said Bob Butz, vice president, operations and supply
chain, Raytheon. "We will continue to develop and mature potenial
rocket motor solutions with Avio to ensure we can meet the
increased long-term demand of our domestic and international
customers."
In April 2024, Avio completed its
preliminary design development to support the pressing need for
additional sources for two critical solid rocket motor systems.
Avio's planned investments in capability and capacity enable them
to help support immediate customer demand. Avio is leveraging its
Italian manufacturing and engineering teams' existing capabilities
to support the maturation of Avio USA, and to facilitate their domestic solid
rocket motor manufacturing strategy.
"We are leveraging our past experience and track record in solid
rocket motors to help expand production capacity and develop new
product lines to meet the growing demand," said Giulio Ranzo, CEO of Avio. "Avio and Avio
USA are eager to partner with
Raytheon to build a more resilient U.S. industrial base for rocket
motors."
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.
About Avio is a leading international group
operating in the development and production of space launchers and
solid propulsion systems for defense applications. With over 1,300
employees, Avio runs its business in Italy and in French Guyana at the European spaceport, where its
satellite launcher Vega is operated. The experience and know-how in
defense and space solid propulsion dates back over 60 years during
which the company has developed advanced technologies and
manufacturing solutions. The company is headquartered in
Rome, Italy and has its subsidiary
Avio USA headquartered in
Arlington, Virginia.
For questions or to schedule an interview, please contact
corporatepr@rtx.com
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SOURCE RTX
