RTX's Raytheon Secures DARPA Contract To Develop Ultra-Wide Bandgap Semiconductors: Details

On Wednesday, RTX Corporation (NYSE:RTX) said Raytheon has secured a three-year, two-phase contract from DARPA to develop foundational ultra-wide bandgap semiconductors.

These will be based on diamond and aluminum nitride technology, which revolutionizes semiconductor electronics by increasing power delivery and thermal management in sensors and other electronic applications.

In phase one of the contract, the Raytheon Advanced Technology team will develop diamond and aluminum nitride semiconductor films and integrate them into electronic devices.

Phase two will focus on optimizing and advancing this technology for larger diameter wafers intended for sensor applications.

“Raytheon has extensive proven experience developing similar materials such as Gallium Arsenide and Gallium Nitride for Department of Defense systems,” said Colin Whelan, president of Advanced Technology at Raytheon.

According to Benzinga Pro, RTX stock has gained over 74% in the past year. Investors can gain exposure to the stock via iShares U.S. Aerospace & Defense ETF (BATS:ITA) and First Trust Exchange-Traded Fund First Trust Indxx Aerospace & Defense ETF (NYSE:MISL).

Also Read: RTX Wins $1.3B Contract For F135 Engine Upgrade: Details

On Tuesday, RTX said Raytheon received a $192 million contract from the U.S. Navy to develop the Next Generation Jammer Mid-Band Expansion, an upgrade to the current Next Generation Jammer Mid-Band system.

In a separate press release yesterday, RTX said its unit Pratt & Whitney celebrated the opening of its new 845,000-square-foot facility in Oklahoma City, Oklahoma, solidifying its position as the business’ largest military engines field location.

The $255 million investment will enable Pratt & Whitney to meet the growing demands of both U.S. and global defense customers for the F135, F117, TF33, F100 and F119 engines.

“This expansion more than doubles our footprint in Oklahoma City, ensuring we have the capacity and agility to support increased workloads as military programs ramp up and new ones come online,” said Greg Treacy, vice president of Pratt & Whitney in Oklahoma City.

Price Action: RTX shares are trading lower by 0.10% to $124.26 on Wednesday.

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