Business
RTX’s Raytheon awards TTM Technologies a multi-year contract for LTAMDS radar components with a potential value of $200 million
COSTA MESA, Calif., Jan. 28, 2026 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI) (“TTM”) and Raytheon, an RTX business (NYSE: RTX), have reached a multi-year agreement to provide radio frequency assemblies, electronic hardware, and printed circuit boards supporting Raytheon’s Lower Tier Air and Missile Defense Sensor (“LTAMDS”). The potential value is $200 million over a three-year period. This agreement builds on TTM’s support of LTAMDS’ development and production-readiness activitie
About this update from Ttm Technologies, Inc.
[{"type":"image","alt":"TTM Technologies, Inc.","displaySize":"","headline":null,"caption":"TTM Technologies, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":49,"url":"https://media.zenfs.com/en/globenewswire.com/747ce5627fb9a3028acb6e1eda279451"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/uGsEe4YLfw909YSr2dfE.A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTY5O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/747ce5627fb9a3028acb6e1eda279451","width":300,"height":49}},"lazy":false},{"type":"text","content":"COSTA MESA, Calif., Jan. 28, 2026 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI) (“TTM”) and Raytheon, an RTX business (NYSE: RTX), have reached a multi-year agreement to provide radio frequency assemblies, electronic hardware, and printed circuit boards supporting Raytheon’s Lower Tier Air and Missile Defense Sensor (“LTAMDS”). The potential value is $200 million over a three-year period.","length":403,"tagName":"p"},{"type":"text","content":"This agreement builds on TTM’s support of LTAMDS’ development and production-readiness activities, helping maintain program schedules and deliver hardware aligned to customer milestones.","length":186,"tagName":"p"},{"type":"text","content":"“Establishing a multi-year contract with TTM for LTAMDS will allow us to meet our accelerated delivery schedule while reducing costs,” said Mike Mills, Raytheon Vice President of LTAMDS and GhostEye Programs.","length":208,"tagName":"p"},{"type":"text","content":"TTM designs, manufactures and tests the Beam Forming Network (“BFN”), printed wiring boards, and specialized assemblies for the LTAMDS and GhostEye radars. Multi-year commitments allow a strategic supplier partner like TTM to invest in capacity and improve lead-time stability which ultimately increases value for customers and the taxpayer.","length":341,"tagName":"p"},{"type":"text","content":"“This significant agreement reinforces our long-standing partnership with Raytheon and reflects the growing importance of resilient and trusted, U.S.-based electronics manufacturing for integrated air and missile defense,” said Catherine Gridley, Executive Vice President and President of TTM’s Aerospace & Defense Sector. “This directly aligns with the Department of War’s emphasis on strengthening supply chains and accelerating delivery of urgently needed capabilitie...