Raytheon, an RTX (RTX) business, was awarded a contract from the Air Force Research Laboratory to develop a domestic production capability for thin film lithium niobate wafers, a material essential to high-speed, secure communications and advanced sensing systems. TFLN is used in next-generation photonics for many defense applications and a broad set of commercial applications, including AI and computing technologies, data centers, and telecommunications. With supply currently dominated by foreign sources, Raytheon aims to ensure the U.S. has a secure, domestic alternative that will be available to the entire defense industrial base and commercial industries.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RTX:
- Ray Dalio Says the Global Order Is Breaking and Investors Could See Bigger Market Shocks
- The Week That Was, The Week Ahead: Macro and Markets, Feb. 15
- ECOB, Delta, Merck, Carnival, RTX Insiders Cash Out
- PPA vs. ITA vs. XAR – Which Defense ETF Is Best?
- Why Defense Stocks Are Falling: RTX, LHX, LMT Under DOD Review
