:

Business/Financial

Raytheon and Italy’s Avio Sign Solid Rocket Motor Agreement

Frank Wolfe

Wednesday, July 24th, 2024

SHARE:

Raytheon and Italy’s Avio Sign Solid Rocket Motor Agreement

Pictured are U.S. Ambassador to Italy Jack Markell and Avio CEO Giulio Ranzo (Avio Photo)

RTX's [RTX] Raytheon business and Italy-based Avio said at England's Farnborough Air Show on July 23 that they have signed a contract to develop military solid rocket motors and bolster the U.S. defense industrial base for the latter. "The contract furthers the systems engineering work required to mature these solid rocket motors into a production-ready state," Raytheon said. Avio said that it has more than 1,300 workers engaged in space launcher and defense solid rocket motor work and that it…

Senators Push Navy Against Single Destroyer Request In FY ’27

The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]