:

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…

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]