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Raytheon partners with Avio to develop solid rocket motors for defense applications
Jul 23, 2024•almost 2 years ago
Contract Type
partnership
RushmoorInformation TechnologyGovernmentDescription
Raytheon, an RTX business, has signed a partnership with Avio, leaders in propulsion technology, for the development of critical solid rocket motors for defense applications. The partnership aims to develop resilient and responsive production of solid rocket motors to meet increased long-term demand of domestic and international customers.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months