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Raytheon and Lockheed Martin to Have “Preferred Access” to SRMs Built at Avio’s Future SRM Plant

Frank Wolfe Frank Wolfe
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Raytheon and Lockheed Martin to Have “Preferred Access” to SRMs Built at Avio’s Future SRM Plant
The Arleigh Burke-class guided-missile destroyer USS Bulkeley (DDG 84), launches a Standard Missile-3 in May during At-Sea Demonstration/ Formidable Shield 2025 (U.S. Navy Photo)

RTX's [RTX] Raytheon and Lockheed Martin [LMT] have signed Memoranda of Understanding (MOU) with Italy's Avio SpA to help build a "state of the art" solid rocket motor (SRM) plant in the United States. Raytheon and Lockheed Martin will have "preferred access to a share of the Avio plant production capacity to meet future demand," according to Avio. Late last month, Avio said that its shareholders had approved a 10-year, $465 million transatlantic expansion plan geared to the production of…

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