Raytheon Co (RTN) said it was granted two contracts worth in excess of $100 million by Rafael Advanced Defense Systems Ltd. to design and develop the David's Sling Weapon System, or DSWS.
The first contract was awarded to codevelop the Stunner Interceptor, the missile component of the DSWS. Stunner is an advanced hit-to-kill interceptor designed for insertion into the DSWS and allied integrated air and missile defense systems. The second contract was awarded for the development, production and integrated logistics support of the missile firing unit, the launcher component of the DSWS. The MFU will provide the DSWS with vertical interceptor launch capability for 360-degree extended air and missile defense.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.