RTX (RTX)’s The Javelin Joint Venture Makes its First LWCLU Delivery

RTX Corporation (NYSE:RTX) is one of the 10 Best Stocks in Steve Cohen’s Portfolio.

RTX (RTX)'s The Javelin Joint Venture Makes its First LWCLU Delivery

On May 26, 2026, The Javelin Joint Venture, a partnership between Raytheon, a subsidiary of RTX Corporation (NYSE:RTX), and Lockheed Martin (LMT), delivered its first Lightweight Command Launch Units (LWCLU) to the U.S. Army.  The next-generation system reduces size by 30%, weight by 25%, and doubles the target detection range, effectively replacing the legacy command launch units. To date, Raytheon has invested $22 million to modernize its Tucson factory to ramp up production capacity.

In another development, on the same day, Raytheon has been awarded a DARPA Phase 2 contract for its Burn n’ Go program to engineer composable solid rocket motors (SRMs). Unlike traditional, single-use hardware, this flexible design allows thrust to be adjusted on demand to serve multiple missile platforms. The project aims to resolve critical manufacturing bottlenecks and to speed up production timelines. Raytheon’s Advanced Technology team will lead the effort alongside Northrop Grumman’s Allegany Ballistic Laboratory and Luna Innovations.

Founded in 1922, RTX Corporation (NYSE:RTX) is a giant in the global aerospace and defense industry, providing systems and services to commercial, military, and government clients. The Virginia-based company operates through three main businesses: Collins Aerospace, Pratt & Whitney, and Raytheon.

While we acknowledge the risk and potential of RTX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RTX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: Top 10 Stocks That Will Profit from AI and  10 Best Stocks in Leopold Aschenbrenner’s Portfolio

Disclosure: None.  Follow Insider Monkey on Google News.

1281292 - 11759070 - 1