Raytheon Technologies this week announced that it will take multiple years before the company is able to manufacture new Stinger missiles due to "a very limited stock of material," Defense One reports.
CEO Greg Hayes told investment analysts during a quarterly earnings call on Tuesday, "We're going to have to go out and redesign some of the electronics in the missile and the seeker head." He added, "That's going to take us a little bit of time."
He went on to say that Raytheon has "a very limited stock of material for Stinger production," and is in the midst of building a missile for an unnamed international customer.
"We've been working with the DOD [Department of Defense] for the last couple of weeks; we're actively trying to resource some of the material, but unfortunately, DoD hasn't bought a Stinger in about 18 years and some of the components are no longer commercially available," Hayes said, according to Politico.
Ukraine said last month that it needs about 500 Stinger and Javelin missiles each day to fight the ongoing Russian invasion. Javelin anti-tank missiles are jointly made by Raytheon and Lockheed Martin. Raytheon recently met with top Pentagon officials about their production issues.
"We're actively trying to resource some of the materials," Hayes said, noting that the DOD isn’t expected to order large amounts of Stingers and Javelins until next year or the year after.
Theodore Bunker ✉
Theodore Bunker, a Newsmax writer, has more than a decade covering news, media, and politics.
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