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RTX Subsidiary Raytheon to Increase Stinger Missile Output

RTX Corp announced that its Raytheon division will double global production capacity for Stinger missiles, while the company's stock price declined slightly on July 8.

Opal Keller

July 8, 20262 min read

Manufacturing Expansion - illustration, Jake Team LLC
Manufacturing Expansion - illustration, Jake Team LLC

RTX Corp, the parent company of Raytheon, has announced plans to double the global production rate of Stinger missiles. The decision marks a significant expansion in manufacturing capacity for the portable air-defense system.

The announcement comes as RTX Corp trades on the New York Stock Exchange. As of July 8, 2026, the company's stock price stood at $197.33, reflecting a decrease of $3.52, or 1.75 percent, from the previous close of $200.85. Trading volume for the day reached approximately 1.09 million shares.

Market data indicates that RTX shares have experienced volatility over the past few months. The stock hit a high of $200.41 during the trading session on July 8, with a low of $196.50. The year-to-date performance shows the stock trading well above its 52-week low of $142.98, though it remains below its 52-week high of $214.50.

Financial metrics for RTX Corp show a market capitalization of roughly $265.74 billion. The company reported earnings per share of $5.33, resulting in a price-to-earnings ratio of 33.03. The price-to-book ratio stands at 3.58.

RTX Corp continues to pay dividends to shareholders. The most recent dividend payment of $0.73 per share was payable on June 11, 2026. The company has indicated an upcoming ex-dividend date of August 14, 2026, with the corresponding payment scheduled for September 3, 2026.

The trailing dividend rate is listed at $3.45, while the forward dividend rate is projected at $2.92, yielding a forward dividend yield of 1.45 percent.

The company has a total of 1.35 billion shares outstanding. Beta, a measure of volatility relative to the market, is recorded at 0.30548. The average trading volume over the last 30 days has been approximately 5.48 million shares.

Details regarding the specific timeline for the increased Stinger missile production or the total investment required for the expansion were not provided in the available reporting. The geographic focus of the manufacturing expansion was also not specified.

Raytheon employs about 2,500 people in Richardson, according to local government records.

Source: investingnews.com.

Sources

https://investingnews.com/rtx-s-raytheon-doubling-global-stinger-missile-production/

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Opal Keller

Opal Keller reports on local business, new openings, and economic development in Richardson.

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