Raytheon secures $1.1 billion US Navy contract for more short-range missiles

June 4 (Reuters) - RTX's (RTX.N), opens new tab defense arm Raytheon said on Wednesday it has been awarded a $1.1 billion contract from the U.S. Navy to produce more of its short-range AIM-9X Block II missiles.
The contract would help ramp production of the air-to-air and surface-to-air missiles to 2,500 per year, which are used by over 30 of the United States' allies and partners.
Demand for missiles and military equipment has remained strong and is expected to increase further as geopolitical tensions rise across the world.
Meanwhile, last month, U.S. President Donald Trump requested for a national defense budget of $892.6 billion for fiscal year 2026 from Congress, matching the 2025 budget, with a focus on rebuilding the military, re-establishing deterrence and promoting national security.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Daily Mirror

27 minutes ago

• Daily Mirror

Trump breaks silence with weird rant after US airbase attacked in WW3 fears

Donald Trump issued a weird monologue on his Truth Social website tonight, after Iran attacked US airbases in Qatar. The US President chose to completely ignore the latest developments, and instead started rambling about "sleazebags in the media" and "fake news". He wrote: "The sites that we hit in Iran were totally destroyed, and everyone knows it. Only the Fake News would say anything different in order to try and demean, as much as possible — And even they say they were 'pretty well destroyed!' Working especially hard on this falsehood is Allison Cooper of Fake News CNN, Dumb Brian L. Roberts, Chairman of 'Con'cast, Jonny Karl of ABC Fake News, and always, the Losers of, again, Concast's NBC Fake News. It never ends with the sleazebags in the Media, and that's why their Ratings are at an ALL TIME LOW — ZERO CREDIBILITY!" Iran launched a missile attack on a US airbase in Qatar earlier this evening, retaliating for the American bombing of its nuclear sites. Witnesses reported seeing missiles in the skies, followed by explosions, but it wasn't clear if there was any damage. Iran announced on state television that it attacked American forces stationed at Qatar's Al Udeid Air Base. A caption on screen called it "a mighty and successful response" to "America's aggression" as martial music played. The attack came shortly after Qatar closed its airspace as a precaution amid threats from Iran. Just before the explosions, Iranian President Masoud Pezeshkian wrote on the social platform X: "We neither initiated the war nor seeking it. But we will not leave invasion to the great Iran without answer."

Reuters

30 minutes ago

• Reuters

Senate parliamentarian faults Republicans' plan to limit judges' power

June 23 (Reuters) - A U.S. Senate official has concluded that a Republican-drafted provision in President Donald Trump's massive tax and spending bill that would restrict the ability of judges to block government policies violates budgetary rules. The Senate's parliamentarian, Elizabeth MacDonough, advised over the weekend that the provision ran afoul of a Senate rule governing what can be included in budget reconciliation legislation that can be passed with a simple-majority vote and would instead need to be subject to a 60-vote threshold if it remained in the bill. Republicans, who control the Senate 53-47, intend to use complex budget rules to pass the so-called "One Big Beautiful Bill Act" with a simple majority vote. The parliamentarian is a nonpartisan referee. Her decision could spell doom for the provision's inclusion in the ultimate legislation Congress passes because it would allow Democrats to challenge the vote on the floor and require Republicans to muster 60 votes to pass it. Congressional leaders hope to enact the overall bill in the coming days so Trump can sign it into law before July 4. The courts-related provision in the Senate version of the bill would limit the ability of judges to issue preliminary injunctions blocking federal policies unless the party suing posts a bond to cover the government's costs if the ruling is later overturned. The bond requirement differs from one tucked into the version of the bill the Republican-controlled House of Representatives passed in May that would curb courts' power by curtailing the ability of judges to hold officials in contempt if they violate injunctions. Senate Minority Leader Chuck Schumer on Sunday hailed the parliamentarian's assessment, saying Republicans had tried to "write Donald Trump's contempt for the courts into law — gutting judicial enforcement, defying the Constitution, and bulldozing the very rule of law that forms our democracy." The provision was drafted by Republicans on the Senate Judiciary Committee, which is led by Senator Chuck Grassley. He had argued the provision would ensure judges enforce an existing requirement that parties seeking a preliminary injunction provide a security bond to cover costs incurred by a defendant if a judge's ruling is later overturned. Judges rarely require such bonds when a lawsuit is not pitting two private parties against each other but instead challenging an alleged unlawful or unconstitutional government action. Several judges have denied the Trump administration's requests for bonds or issued nominal ones. Grassley in a statement on Sunday said Republicans are committed to using all available avenues to "ensure courts operate according to lawful and constitutional standards." Congressional Republicans have called for banning or curtailing nationwide injunctions blocking government policies after key parts of Trump's agenda have been stymied by such court rulings. The House in April voted 219-213 largely along party lines in favor of the No Rogue Rulings Act to do so, but the Senate has not yet taken up the measure. A White House memo in March directed heads of government agencies to request that plaintiffs post bonds if they are seeking an injunction against an agency policy. Such bonds can make obtaining an injunction a cost-prohibitive option in cases concerning multi-billion-dollar agenda items. Read more: US Senate Republicans seek to limit judges' power via Trump's tax-cut bill

Reuters

30 minutes ago

• Reuters

No Iranian attack detected at any US base other than Qatar, US military official says

BEIRUT, June 23 (Reuters) - There was no Iranian attack detected at any U.S. military base other than in Qatar, a U.S. military official told Reuters on Monday. There was no impact on the U.S. Al Udeid airbase in Qatar, the official said. Military sources told Reuters on Monday that air defense systems were activated in the U.S. Ain al-Asad airbase in Iraq for fear of a potential attack.