Raytheon Technologies (RTX.N) awarded $985 million dollar contract to develop prototypes for a hypersonic attack cruise missile. The firm beat out Boeing and Lockheed Martin to continue its development of the weapon. The Air Force expects delivery in fiscal 2027. The United States and China are engaged in an arms race to develop the most lethal hypersonian weapons, a top Air Force official acknowledged late last year, as Beijing and Washington build and test more and more of the high-speed next-generation arms.Read Long Article
