Business Wire
BusinessJPMorgan Chase misses Wall Street’s Q3 earnings and revenue estimates, shares hold steady in early tradingThe Apex TimesBusinessWalmart opens 900,000-square-foot Stockton “Next-Gen” fulfillment center aimed at faster deliveriesThe Apex TimesBusinessAlphabet’s cloud momentum is front of mind, but a less-watched earnings detail is steering at least one investor’s buy plan, Yahoo Finance saysThe Apex TimesBusinessCommentary points to AWS momentum and heavy spending as Amazon’s core betThe Apex TimesBusinessPepsiCo shares hit a low point, as investors weigh a guidance cut against steady international momentumThe Apex TimesBusinessAlphabet and Amazon race to build AI data centers, but their capital strategies are taking different shapesThe Apex TimesBusinessStarbucks Denies Chipotle Acquisition Rumors, Reaffirms It Will Not Buy the Burrito ChainThe Apex TimesBusinessMicrosoft CEO Satya Nadella calls for an AI “kill switch,” raising questions about safeguards and spendingThe Apex TimesBusinessAdobe shares sink amid debate over whether new AI features will cannibalize Creative Cloud revenueThe Apex TimesBusinessMicrosoft outlines “Maia 300” custom AI chip push aimed at wider deploymentThe Apex TimesBusinessVerizon Frontline survey: AI use among first responders nearly tripled, indicating shift from pilots to deploymentThe Apex TimesBusinessApple rolls out next-generation Apple TV 4K, adding a new Siri AI experienceThe Apex TimesBusinessJPMorgan Chase misses Wall Street’s Q3 earnings and revenue estimates, shares hold steady in early tradingThe Apex TimesBusinessWalmart opens 900,000-square-foot Stockton “Next-Gen” fulfillment center aimed at faster deliveriesThe Apex TimesBusinessAlphabet’s cloud momentum is front of mind, but a less-watched earnings detail is steering at least one investor’s buy plan, Yahoo Finance saysThe Apex TimesBusinessCommentary points to AWS momentum and heavy spending as Amazon’s core betThe Apex TimesBusinessPepsiCo shares hit a low point, as investors weigh a guidance cut against steady international momentumThe Apex TimesBusinessAlphabet and Amazon race to build AI data centers, but their capital strategies are taking different shapesThe Apex TimesBusinessStarbucks Denies Chipotle Acquisition Rumors, Reaffirms It Will Not Buy the Burrito ChainThe Apex TimesBusinessMicrosoft CEO Satya Nadella calls for an AI “kill switch,” raising questions about safeguards and spendingThe Apex TimesBusinessAdobe shares sink amid debate over whether new AI features will cannibalize Creative Cloud revenueThe Apex TimesBusinessMicrosoft outlines “Maia 300” custom AI chip push aimed at wider deploymentThe Apex TimesBusinessVerizon Frontline survey: AI use among first responders nearly tripled, indicating shift from pilots to deploymentThe Apex TimesBusinessApple rolls out next-generation Apple TV 4K, adding a new Siri AI experienceThe Apex TimesBusinessJPMorgan Chase misses Wall Street’s Q3 earnings and revenue estimates, shares hold steady in early tradingThe Apex TimesBusinessWalmart opens 900,000-square-foot Stockton “Next-Gen” fulfillment center aimed at faster deliveriesThe Apex TimesBusinessAlphabet’s cloud momentum is front of mind, but a less-watched earnings detail is steering at least one investor’s buy plan, Yahoo Finance saysThe Apex TimesBusinessCommentary points to AWS momentum and heavy spending as Amazon’s core betThe Apex TimesBusinessPepsiCo shares hit a low point, as investors weigh a guidance cut against steady international momentumThe Apex TimesBusinessAlphabet and Amazon race to build AI data centers, but their capital strategies are taking different shapesThe Apex TimesBusinessStarbucks Denies Chipotle Acquisition Rumors, Reaffirms It Will Not Buy the Burrito ChainThe Apex TimesBusinessMicrosoft CEO Satya Nadella calls for an AI “kill switch,” raising questions about safeguards and spendingThe Apex TimesBusinessAdobe shares sink amid debate over whether new AI features will cannibalize Creative Cloud revenueThe Apex TimesBusinessMicrosoft outlines “Maia 300” custom AI chip push aimed at wider deploymentThe Apex TimesBusinessVerizon Frontline survey: AI use among first responders nearly tripled, indicating shift from pilots to deploymentThe Apex TimesBusinessApple rolls out next-generation Apple TV 4K, adding a new Siri AI experienceThe Apex TimesBusinessJPMorgan Chase misses Wall Street’s Q3 earnings and revenue estimates, shares hold steady in early tradingThe Apex TimesBusinessWalmart opens 900,000-square-foot Stockton “Next-Gen” fulfillment center aimed at faster deliveriesThe Apex TimesBusinessAlphabet’s cloud momentum is front of mind, but a less-watched earnings detail is steering at least one investor’s buy plan, Yahoo Finance saysThe Apex TimesBusinessCommentary points to AWS momentum and heavy spending as Amazon’s core betThe Apex TimesBusinessPepsiCo shares hit a low point, as investors weigh a guidance cut against steady international momentumThe Apex TimesBusinessAlphabet and Amazon race to build AI data centers, but their capital strategies are taking different shapesThe Apex TimesBusinessStarbucks Denies Chipotle Acquisition Rumors, Reaffirms It Will Not Buy the Burrito ChainThe Apex TimesBusinessMicrosoft CEO Satya Nadella calls for an AI “kill switch,” raising questions about safeguards and spendingThe Apex TimesBusinessAdobe shares sink amid debate over whether new AI features will cannibalize Creative Cloud revenueThe Apex TimesBusinessMicrosoft outlines “Maia 300” custom AI chip push aimed at wider deploymentThe Apex TimesBusinessVerizon Frontline survey: AI use among first responders nearly tripled, indicating shift from pilots to deploymentThe Apex TimesBusinessApple rolls out next-generation Apple TV 4K, adding a new Siri AI experienceThe Apex Times
Back to front
Raytheon wins $729 million for counter-drone system components tied to the LIDS program
The Apex Times

THE APEX TIMES

Business/The Apex Times/Oct 13, 8:13 AM EDT

Raytheon wins $729 million for counter-drone system components tied to the LIDS program

RTX’s Raytheon business said it was awarded $729 million to supply critical components of the LIDS counter-drone system for the U.S. Army and customers in Qatar and Jordan.

Raytheon, a business within RTX (NYSE: RTX), has received a $729 million contract for counter-drone work tied to the LIDS system, the company said in an article circulated by Yahoo Finance. The award is intended to deliver “critical components” of LIDS to the U.S. Army and to operations in Qatar and Jordan.

The LIDS platform is described as the Low, slow, small, unmanned aircraft counter-drone capability, a category focused on stopping small drones flying at low speed and low altitude. In the Yahoo Finance report, LIDS is framed as an organized approach to detect and counter this specific kind of threat, rather than a single hardware item.

Under the contract as described in the coverage, Raytheon is responsible for supplying key parts of the broader system. The report does not break the award into separate country-level values for the United States versus Qatar and Jordan, nor does it provide a delivery schedule, program milestones, or details about which particular subsystems Raytheon will provide.

RTX’s Raytheon has positioned itself for years around defense electronics, sensing, and integrated mission systems. This kind of award fits the market trend of demand for layered counter-unmanned aircraft solutions that can be fielded against drones used for reconnaissance and, in some cases, attack roles.

For defense contractors, counter-drone programs tend to be attractive because they can combine multiple technology categories, including detection and tracking, command-and-control integration, and countermeasures. A contract emphasizing “system components” suggests Raytheon is supporting integration work and readiness rather than merely delivering standalone hardware.

The coverage also points to the cross-border nature of the deal. Procurements tied to LIDS for the U.S. Army alongside partner nations indicate that counter-drone requirements are not confined to a single procurement cycle or geography, which can increase commercial predictability for suppliers able to support deployments in multiple theaters.

What is not clear from the Yahoo Finance report is whether the $729 million award includes new engineering and production, how much of it relates to spares, and whether options or follow-on phases exist. The post also does not specify contract duration, whether the work is fixed-price or cost-plus, or what performance benchmarks are attached to delivery.

Why It Matters

  • The size of the award indicates continuing defense procurement focus on counter-unmanned aircraft systems.
  • Supplying “components” rather than a fully named end product suggests Raytheon is playing a role in system integration and sustainment.
  • Multi-country customers point to broader adoption of LIDS-style approaches across allied and partner forces.
  • Limited disclosure on scope and schedule makes it hard to estimate near-term revenue impact from this announcement alone.

Sources

Key Facts

  • RTX (NYSE: RTX) said its Raytheon business was awarded $729 million for counter-drone system work.
  • The award covers delivery of critical components of the LIDS counter-drone system.
  • LIDS is described as a capability targeting low, slow, small, unmanned aircraft threats.
  • The contract is connected to the U.S. Army and customers in Qatar and Jordan.
  • The reported coverage does not provide country-by-country breakdowns, timing, or subsystem-level details.

Defense Related

Raytheon wins $729 million for counter-drone system components tied to the LIDS program | The Apex Times