TUCSON, Ariz., June 24, 2022 /PRNewswire/ -- The Missile Defense Agency has selected Raytheon Missiles & Defense, a Raytheon Technologies business (NYSE: RTX), to continue to develop a first-of-its-kind counter-hypersonic missile, the Glide Phase Interceptor. GPI is designed to intercept hypersonic weapons in the glide phase of flight, providing the U.S. and allies with an additional layer of defense against regional hypersonic missile threats.
This firm fixed price Other Transaction Agreement modification, valued at $41 million, increases the total value to $62 million and allows Raytheon Missiles & Defense to continue maturing its GPI design using advanced materials and technology required to intercept a hypersonic threat. This phase will also finalize systems requirements and support accelerated development timelines.
"Our GPI is built on proven missile defense technology as its foundation," said Tay Fitzgerald, president of Strategic Missile Defense at Raytheon Missiles & Defense. "By using digital engineering and leveraging high technology readiness level components and subsystems already in use across Standard Missile and hypersonic programs, we can quickly advance the creation of this new interceptor."
Raytheon Missiles & Defense is leveraging mature technologies from across the current portfolio to create efficiencies, reduce qualification time and demonstrate the GPI capability as quickly as possible.
Raytheon Technologies' missile defense portfolio combines sensors, interceptors and command and control networks to track and defeat a wide range of threats. With more than 50 years of combat proven interceptor development, integration, and production experience, the company is responsible for portions of nearly every air and missile defense system deployed by the U.S. and its allies. By evolving its missile interceptors, directed energy and cyber technologies, Raytheon Technologies is advancing counter-hypersonic solutions.
The information contained in this news release reflects the views of Raytheon and does not imply endorsement by the Missile Defense Agency.
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About Raytheon Missiles & Defense
Raytheon Missiles & Defense brings global customers the most advanced end-to-end solutions delivering the advantage of one innovative partner to detect, track, and intercept threats. With a broad portfolio of air and missile defense systems, precision weapons, radars, command and control systems and advanced defense technologies Raytheon Missiles & Defense solutions protect citizens, warfighters and infrastructure in more than fifty countries around the world.
About Raytheon Technologies
Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With four industry-leading businesses - Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense - the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company was formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses.
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SOURCE Raytheon Missiles & Defense