RTX’s Raytheon has signed a memorandum of understanding with propulsion technology company Avio to help the later company establish a solid rocket motor production facility within the United States, according to a Monday announcement. Under the MOU, Raytheon will have preferred access to “a share” of the plant, which is expected to serve additional customers as a vertically integrated merchant supplier, helping to meet heightened SRM demand, the announcement states. The factory is expected to begin limited operations in 2027...
