"Driving the news: Trump in a Truth Social post said Raytheon "has been the least responsive to the needs" of the Defense Department and must quickly reprioritize if it wants to keep doing business with it. "Raytheon seems to think this is the Biden Administration, and this is 'business as usual,' IT'S NOT!" he said in the post. RTX did not immediately respond to questions from Axios."
"Follow the money: RTX logged $43.5 billion in defense-related revenue in 2024, according to the Defense News Top 100 list. (Only Lockheed Martin made more.) Zoom in: The company makes many popular weapons and munitions, including Stinger air defenses, Coyote drone interceptors and Tomahawk missiles. It is also developing a nuclear cruise missile for the U.S. Air Force that is expected to be wielded by B-52 bombers. Go deeper: Lockheed and RTX ink multibillion-dollar missile deals"
Former President Trump publicly threatened to punish Raytheon by cutting federal contracts, saying the company has been unresponsive to Defense Department needs and must reprioritize. The dispute arises amid a broader debate over the health of America's defense manufacturing base and a gap between global weapons demand and current production. RTX recorded $43.5 billion in defense revenue in 2024, second only to Lockheed Martin. RTX produces Stinger air defenses, Coyote drone interceptors, Tomahawk missiles, and is developing a nuclear cruise missile for B-52 bombers. Major multibillion-dollar missile deals involve Lockheed and RTX.
Read at Axios
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