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Raytheon Beats Lockheed, Boeing for $1 Billion Hypersonic Cruise Missile

  • Cruise missile intended to reach five times the speed of sound
  • Award gives the US Air Force a second hypersonic weapon
Displays of missiles at the Raytheon International Inc. stand at Farnborough International Airshow.

Displays of missiles at the Raytheon International Inc. stand at Farnborough International Airshow.

Photographer: Luke MacGregor/Bloomberg

Updated on

Raytheon Technologies Corp. beat Lockheed Martin Corp. and Boeing Co. for a $1 billion contract to design, develop and produce a new hypersonic weapon for the US Air Force, the Pentagon announced Thursday.

Raytheon was awarded the “task order” for the Hypersonic Attack Cruise Missile that calls for weapon system design, development and initial delivery expected to be completed by March 2027.