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Saturday, February 4, 2023

Raytheon chief warns of delays in replenishing Stinger missile stocks | Politico

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Thousands of Stinger anti-aircraft missiles have been withdrawn from European and American stockpiles and transported to Ukraine. There is no solid strategy for replacing the inventories supplied by the governments. Raytheon’s manufacturing process, according to the CEO, is capable of producing just a limited quantity at a time. To finance and maintain a higher pace of production, the corporation will need a more significant commitment from the government. According to the British Defense Ministry, Russia has lost at least 530 tanks and more than 60 helicopters and fighter planes since the start of the Ukraine conflict.

Raytheon’s revenue projection for the year has been slashed by $750 million, mainly due to the company’s decision to exit the Russian commercial aviation market. The corporation recorded first-quarter revenues of $15.7 billion, a 3% rise over the prior year’s first quarter.

Source: https://www.politico.com/news/2022/04/26/raytheon-stinger-missile-stocks-delay-00027766


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