RTX subsidiary signs deal with Diehl Defence for Stinger missile production

* Raytheon, an RTX (NYSE:RTX [https://seekingalpha.com/symbol/RTX]) business, and Diehl Defence signed an MOU [https://seekingalpha.com/pr/20204464-rtxs-raytheon-signs-mou-with-diehl-defence-for-stinger-missile-co-production] to co-produce key elements of the Stinger missile in Europe, laying groundwork for extension of production for Stinger missiles at Diehl Defence.
* Diehl Defence is assessing various options for increasing production capacity, both at existing sites and other locations.
* The Stinger missile is a lightweight, combat-proven, and self-contained air defense system deployed by ground troops against cruise missiles and aircraft.

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