Overview
- Raytheon signed a Memorandum of Understanding with Avio to support the new facility and secured preferred access to a portion of its production capacity.
- Raytheon issued a purchase order funding work through Critical Design Review and long‑lead material procurement for qualification.
- Avio executed a non‑binding term sheet with Lockheed Martin for preferred capacity, with a Strategic Cooperation Agreement planned for negotiation.
- Avio earmarked about $460 million to expand manufacturing, with most of the investment directed to the U.S. plant whose location has not been disclosed.
- The facility will operate as a merchant supplier to multiple customers to strengthen the U.S. solid propulsion base beyond incumbents such as Northrop Grumman and L3Harris.