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| Period | Metric | |
|---|---|---|
| 2023 plan | AOG guidance | Average 350 PW1100-powered aircraft on ground from 2024 through 2026, with a first-half 2024 peak. Shop turnaround 250 to 300 days. |
| FY 2025 | PW1100G-JM shop visit output | About +26% year over year. GTF aftermarket network at 21 facilities. |
| Q2 2026 | PW1100 AOG | Down 25% year to date and down sequentially. Management expects further declines in the second half of 2026. |
| Q2 2026 | PW1100 MRO output | +43% year over year (also described as over +40%). |
| Q2 2026 | MRO turnaround time | -23% year over year, with work scope +14 points. Target: all 15 PW1100 shops at 90 days or below. |
| Period | Program | |
|---|---|---|
| Apr 2025 | LTAMDS | Milestone C. Manufacturing 8 radars per year, ramping to 12 to meet U.S. and Poland demand. |
| Oct 2025 | LTAMDS | Andover $53 million expansion. Army LRIP plan 12 radars per year. Factory capacity up to 18 per year including FMS. |
| FY 2025 | LTAMDS | $1.5 billion LRIP for the U.S. Army and Poland (9 radars). |
| FY 2025 | GEM-T and Patriot launchers | $2.5 billion of bookings for international customers and the U.S. Army. |
| FY 2025 | Patriot systems | $1.2 billion award to provide Patriot systems for Spain. |
| Q2 2026 | GEM-T | $5.1 billion of effector awards for Ukraine, Poland, and the U.S., including the first domestic GEM-T production order in over 30 years. |
| Q2 2026 | LTAMDS | $0.8 billion award. Extra $100 million to raise GEM-T component production and accelerate LTAMDS test. |
| Period | Commercial OE (%) | Commercial aftermarket (%) | Military (%) |
|---|---|---|---|
| Q1 2025 | 3 | 28 | 4 |
| Q2 2025 | 15 | 19 | 0 |
| Q3 2025 | 5 | 23 | 15 |
| Q4 2025 | 28 | 21 | 30 |
| Q1 2026 | -1 | 19 | 7 |
| Q2 2026 | -8 | 25 | 23 |
| Period | Program | |
|---|---|---|
| FY 2025 | AIM-9X | U.S. Navy $1.1 billion Block II contract, the largest for the program. Production to 2,500 missiles per year. |
| FY 2025 | AMRAAM | Program-record $3.5 billion contract (FMS including Japan, Canada, Germany, Ukraine, and the UK). 10-K MD&A lists $2.1 billion booked on AMRAAM in 2025. |
| FY 2025 | Munitions output | About +20% output on GEM-T, AMRAAM, and Coyote. |
| Q2 2026 | AMRAAM | $1.8 billion award. Collaboration with NATO nations to add European component suppliers and accelerate deliveries. |
| Q2 2026 | AIM-9X | $1.1 billion award in the quarter. |
Raytheon founded by Vannevar Bush, Laurence Marshall, Charles G. Smith as American Appliance Co in Cambridge MA; renamed Raytheon Manufacturing 1925. Pioneers vacuum tubes and the proximity fuze used in WWII.
Percy Spencer at Raytheon discovers microwave heating from magnetron; commercialized as Radarange 1947: first microwave oven; Raytheon becomes world leader in microwave technology.
Raytheon Sparrow AAM enters US Navy service; first operational radar-guided air-to-air missile, foundation of Raytheon's missile business.
Patriot Air Defense System enters US Army service; debuts in Gulf War 1991 against Iraqi Scuds. Becomes Raytheon's flagship product over 4 decades.
Raytheon acquires Hughes Aircraft defense electronics from GM for $9.5B; doubles missile portfolio adding AMRAAM, TOW, Maverick to Sparrow/Stinger lineup.
Tomahawk Block IV (Tactical Tomahawk) enters US Navy service with two-way satcom link enabling in-flight retargeting; ~150 launched in OIF opening salvo Mar 2003.
Pratt & Whitney F119 engine delivers final F-22 propulsion; pivots focus to F135 for F-35 (single-engine 5th-gen powerplant standard through 2070+).
Pratt & Whitney F135 engine for F-35 enters full-rate production; eventually 3,000+ engine fleet, foundation of P&W military business.
SM-6 Block IB development begins; longer-range Standard Missile variant with bigger 21-inch motor for fleet defense and anti-ship strike.
Raytheon-United Technologies merger closes Apr 3 2020; creates RTX with $74B revenue across Collins Aerospace, Pratt & Whitney, Raytheon Missiles & Defense, Raytheon Intelligence & Space. HQ Arlington VA.
Russia invades Ukraine; Patriot/NASAMS/Stinger demand inflects; first major peer-conflict munitions test in 30+ years
Stinger MANPADS production restart announced after Ukraine donations deplete US stockpile; first new orders in 18 years
NASAMS air-defense systems delivered to Ukraine; combat-proven against cruise missile and drone threats
Patriot demand quadruples post-Ukraine; Raytheon ramps capacity from 12 to 24 fire units/year
Wins Hypersonic Attack Cruise Missile (HACM) prime contract from USAF; air-breathing scramjet hypersonic; first delivery 2027 expected.
Pratt & Whitney GTF engine powder metal contamination disclosed; ~600-700 PW1100G inspections required, ~$3.5B charge
Germany finalizes Patriot order for €1.2B+ to backfill systems donated to Ukraine
P&W announces full PW1100G recovery plan: ~$5B+ cumulative charges through 2026; AOG (aircraft on ground) days peak ~650 in 2024.
Tomahawk Block V production ramping; Maritime Strike variant qualified for fleet use
Wins $5.5B Patriot multi-year contract for 870 PAC-3 MSE missiles + radar upgrades; largest Patriot order in program history.
AMRAAM-ER (extended range, NASAMS-launched) achieves operational milestone; longer-range air defense intercept
Backlog reaches $221B (commercial + defense); defense-only ~$93B with Patriot multi-year contracts
Raytheon LTAMDS (Lower Tier Air & Missile Defense Sensor) achieves IOC; replaces Patriot radar
Pratt & Whitney F135 Engine Core Upgrade enters production for F-35 fleet retrofit
Tomahawk Block V production reaches 250/yr; US Navy and allied launch platforms add Typhon Mid-Range Capability launchers ashore.
StormBreaker (GBU-53/B SDB-II) and Ground-Based AMRAAM contracts expand; backlog hits new high $230B+ as Israel-Iran tensions sustain demand.