Raytheon, Northrop Grumman successfully test fire hypersonic weapon

  • Raytheon Technologies (NYSE:RTX) and Northrop Grumman (NYSE:NOC) say they successfully completed the first flight test of a scramjet-powered Hypersonic Air-breathing Weapon Concept for the U.S. Department of Defense.
  • The companies say they are "on track" to deliver a weapon prototype to the Pentagon that can reach and cruise at hypersonic speeds - more than 5x the speed of sound.
  • The test missile was released from an aircraft, a solid rocket motor propelled the weapon to supersonic speed, then a scramjet engine - which forcibly compresses air before combustion - ignited and accelerated the weapon, enabling it to reach hypersonic flight.
  • The companies signed an agreement in 2019 to develop, produce and integrate Northrop's scramjet engines onto Raytheon 's air-breathing hypersonic weapons.

    For this year Raytheon 's revenue will be around 65.19 billion USD. This is according to the average of the analysts' estimates. This is rather significant more than 2021's revenue of 56.59 billion USD.

    Historical revenues and results Raytheon plus estimates 2021

    koersdata

    The analysts expect for 2021 a net profit of 6.17 billion USD. According to most of the analysts the company will have a profit per share for this book year of 4.07 USD. The price-earnings-ratio equals 21.93.

    For this year the analysts expect a dividend of 2 USD per share. The dividend yield is then 2.24 percent. The average dividend yield of the aerospace & defense companies equals a low 0.83 percent.

    Based on the current number of outstanding shares Raytheon 's market capitalization is 77.16 billion USD. 53

    At 21.48 the stock trades 1.03 percent higher at 89.27 USD.

    Historical stock prices Raytheon

    stock graphs raytheon

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