This Stealthy New Missile Just Reached One Of The World's Hottest Flash Points
Gillian Rich, Investor's Business Daily
Sep 6, 2019
The Navy has reportedly deployed a new stealth missile from Raytheon (RTN) that's designed to sink ships to the Pacific, where territorial disputes have escalated regional tensions.
The Naval Strike Missile was deployed aboard the USS Gabrielle Giffords, a littoral combat ship, earlier this week from San Diego, on its way to the Indo-Pacific theater, according to Defense News.
The new stealth missile is designed to destroy enemy ships from up to 100 nautical miles away, according to Raytheon, which made it with Norway's Kongsberg.
The sea-skimming, terrain-hugging missile also emits low-observable signals to avoid detection by enemy radars and uses an advanced seeker for precise targeting, Raytheon says. It can perform evasive maneuvers to counter antimissile defenses as well.
The Navy is working on equipping all littoral combat ships with the stealth missile as tensions heat up in the Pacific.
Raytheon shares climbed 2.2% to 189.31 on the stock market today, heading toward a 193.47 buy point from a cup with handle.
United Technologies (UTX), which is merging with Raytheon, added 0.5%, and missile rival Lockheed Martin (LMT) rose 0.5% as it forms a three-weeks tight pattern.
Stealth Missile Enters Pacific Drama
The deployment of the Raytheon missile comes as the U.S. ramps up freedom-of-navigation exercises amid myriad territorial disputes in the Pacific, where China is building artificial islands as part of an exclusion zone.
Last week, China warned the destroyer USS Wayne E. Meyer for passing too close to disputed islands in the South China Sea.
There are also tensions in the East China Sea between China and Japan over the uninhabited Senkaku Islands. Both claim the rocky outcrops as their territory.
There is also a territorial dispute between Japan and Russia over the Kuril Islands near the north Pacific Ocean.
Raytheon Hints At Stealth Missile In Development ...
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