Raytheon signs contract with AVIO to continue the development of solid rocket motor solutions to meet USG and Allied Demand.

LONDON, July 23, 2024 /PRNewswire/ -- Farnborough Air Show -- Raytheon, an RTX (NYSE: RTX) business, signed a contract with Avio (AVIO.MI), leaders in propulsion technology, for the development of critical solid rocket motors for defense applications. The contract further progresses systems engineering work required to mature these solid rocket motors into a production-ready state.

"This partnership with Avio marks a commitment between our companies to work together to develop resilient and responsive production of solid rocket motors," said Bob Butz, vice president, operations and supply chain, Raytheon. "We will continue to develop and mature potenial rocket motor solutions with Avio to ensure we can meet the increased long-term demand of our domestic and international customers."

In April 2024, Avio completed its preliminary design development to support the pressing need for additional sources for two critical solid rocket motor systems. Avio's planned investments in capability and capacity enable them to help support immediate customer demand. Avio is leveraging its Italian manufacturing and engineering teams' existing capabilities to support the maturation of Avio USA, and to facilitate their domestic solid rocket motor manufacturing strategy.

"We are leveraging our past experience and track record in solid rocket motors to help expand production capacity and develop new product lines to meet the growing demand," said Giulio Ranzo, CEO of Avio. "Avio and Avio USA are eager to partner with Raytheon to build a more resilient U.S. industrial base for rocket motors."

About Raytheon
Raytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies and partners defend their national sovereignty and ensure their security. For more than 100 years, Raytheon has developed new technologies and enhanced existing capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics and missile defense across land, air, sea and space.

About RTX
With more than 185,000 global employees, RTX pushes the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2023 sales of $69 billion, is headquartered in Arlington, Virginia.

About Avio is a leading international group operating in the development and production of space launchers and solid propulsion systems for defense applications. With over 1,300 employees, Avio runs its business in Italy and in French Guyana at the European spaceport, where its satellite launcher Vega is operated. The experience and know-how in defense and space solid propulsion dates back over 60 years during which the company has developed advanced technologies and manufacturing solutions. The company is headquartered in Rome, Italy and has its subsidiary Avio USA headquartered in Arlington, Virginia.

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SOURCE RTX