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Raytheon Reaches Production Milestone In $1 Billion Naval SATCOM Program

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Raytheon [RTN] has achieved a key milestone in its potential $1 billion Navy Multiband Terminal (NMT) program with the first production order for next-generation NMT satellite communication terminals. "NMT gives the Navy secure communications connectivity to the latest satellite constellations that users can absolutely depend on, in a smaller package, and at much lower cost," Brian McKeon, vice president, Raytheon Integrated Communications Systems, said Monday in a statement. "This success keeps the promise we made to our armed forces to…

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