Ariz., June 24, 2022 /PRNewswire/ -- The Missile
Defense Agency has selected Raytheon Missiles & Defense, a
Raytheon Technologies business (NYSE: RTX), to continue to develop
a first-of-its-kind counter-hypersonic missile, the Glide Phase
Interceptor. GPI is designed to intercept hypersonic weapons in the
glide phase of flight, providing the U.S. and allies with an
additional layer of defense against regional hypersonic missile
This firm fixed price Other Transaction Agreement modification,
valued at $41 million, increases the
total value to $62 million and allows Raytheon Missiles
& Defense to continue maturing its GPI design using advanced
materials and technology required to intercept a hypersonic threat.
This phase will also finalize systems requirements and support
accelerated development timelines.
"Our GPI is built on proven missile defense technology as its
foundation," said Tay Fitzgerald, president of Strategic Missile
Defense at Raytheon Missiles & Defense. "By using digital
engineering and leveraging high technology readiness level
components and subsystems already in use across Standard Missile
and hypersonic programs, we can quickly advance the creation of
this new interceptor."
Raytheon Missiles & Defense is leveraging mature
technologies from across the current portfolio to create
efficiencies, reduce qualification time and demonstrate the GPI
capability as quickly as possible.
Raytheon Technologies' missile defense portfolio combines
sensors, interceptors and command and control networks to track and
defeat a wide range of threats. With more than 50 years of combat
proven interceptor development, integration, and production
experience, the company is responsible for portions of nearly every
air and missile defense system deployed by the U.S. and its allies.
By evolving its missile interceptors, directed energy and cyber
technologies, Raytheon Technologies is advancing counter-hypersonic
The information contained in this news release reflects the
views of Raytheon and does not imply endorsement by the Missile
For questions or to schedule an interview, please
About Raytheon Missiles & Defense
Missiles & Defense brings global customers the most advanced
end-to-end solutions delivering the advantage of one innovative
partner to detect, track, and intercept threats. With a broad
portfolio of air and missile defense systems, precision weapons,
radars, command and control systems and advanced defense
technologies Raytheon Missiles & Defense solutions protect
citizens, warfighters and infrastructure in more than fifty
countries around the world.
About Raytheon Technologies
Corporation is an aerospace and defense company that provides
advanced systems and services for commercial, military and
government customers worldwide. With four industry-leading
businesses ― Collins Aerospace, Pratt & Whitney, Raytheon
Intelligence & Space and Raytheon Missiles & Defense ― the
company delivers solutions that push the boundaries in
avionics, cybersecurity, directed energy, electric propulsion,
hypersonics, and quantum physics. The company was formed in 2020
through the combination of Raytheon Company and the United
Technologies Corporation aerospace businesses.
View original content to download
SOURCE Raytheon Missiles & Defense