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Business/Financial

Raytheon/Leonardo Team Withdraws From T-X Competition

Wednesday, January 25th, 2017

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Raytheon/Leonardo Team Withdraws From T-X Competition

Raytheon [RTN] and Italy's Leonardo decided to jointly not pursue the U.S. Air Force Advanced Pilot Training Program, T-X, the companies said Wednesday.The companies announced their intention to team together on the T-X pursuit in Feb. 2016, resulting in a model called the T-100 based on Leonardo’s M-346 Master. However, Raytheon spokesperson B.J. Boling said in a statement on Wednesday that “While we remain confident that the T-100 is a strong solution, our companies were unable to reach a business agreement…

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