RTX Corporation (NYSE:RTX) is one of the 10 Best Stocks in Steve Cohen’s Portfolio.
On May 26, 2026, The Javelin Joint Venture, a partnership between Raytheon, a subsidiary of RTX Corporation (NYSE:RTX), and Lockheed Martin (LMT), delivered its first Lightweight Command Launch Units (LWCLU) to the U.S
Army. The next-generation system reduces size by 30%, weight by 25%, and doubles the target detection range, effectively replacing the legacy command launch units. To date, Raytheon has invested $22 million to modernize its Tucson factory to ramp up production capacity.
In another development, on the same day, Raytheon has been awarded a DARPA Phase 2 contract for its Burn n’ Go program to engineer composable solid rocket motors (SRMs). Unlike traditional, single-use hardware, this flexible design allows thrust to be adjusted on demand to serve multiple missile platforms. The project aims to resolve critical manufacturing bottlenecks and to speed up production timelines.