Raytheon Wins DARPA Phase Two SRM Contract, Munition Output to Double–Quadruple
RTX•Raytheon’s Advanced Technology business won a DARPA phase-two Burn n' Go contract to mature and demonstrate a composable solid rocket motor design with Northrop Grumman and Luna Innovations following a seven-month phase-one effort. Multi-year defense agreements are set to boost munition output by 2x–4x, supporting its raised FY2026 guidance.
1. Phase Two Contract Award
Raytheon's Advanced Technology business, along with Northrop Grumman and Luna Innovations, secured a phase two contract under DARPA's Burn n' Go program after demonstrating feasibility in a seven-month phase one. As prime contractor, Raytheon will mature and scale its composable solid rocket motor solution and conduct a series of demonstrations in realistic rocket configurations.
2. Composable SRM Development
The new motor design decouples post-manufactured units from single-use architectures, enabling adjustable thrust on demand to meet multiple mission profiles with a common motor. This modular approach aims to reduce production bottlenecks, shorten cycle times and lower costs across diverse weapon systems.
3. Production Growth and Guidance
Separately, multi-year defense and commercial agreements are projected to double to quadruple annual munition production capacity, underpinning the company’s raised FY2026 revenue and margin guidance. Expanded manufacturing scale and richer profit margins are expected to drive long-term growth in munitions and integrated defense systems.
