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RTX Corp.’s (RTX) Raytheon on Thursday announced that it entered into a strategic collaboration with Amazon.com Inc.’s (AMZN) cloud unit, Amazon Web Services, to boost its satellite data processing and mission control operations.
As a result of this partnership, Raytheon says its customers will have the mission-critical space abilities they need to meet their national security objectives.
“This collaboration with AWS empowers our teams to accelerate responsible AI innovation, increase agility while maintaining the highest levels of security, optimize resources, and strengthen systems to drive effective results for our customers,” said Erich Hernandez-Baquero, vice president of Space Intelligence, Surveillance and Reconnaissance at Raytheon.
RTX shares were up nearly 2% in Thursday’s opening trade, while Amazon shares were down around 2%. Retail sentiment on Stocktwits around RTX trended in the ‘bearish’ territory, while users felt ‘bullish’ about Amazon at the time of writing.
Raytheon stated that this partnership will allow the company to identify initiatives where it can deploy cloud-based, scalable solutions. It added that to achieve this, it will use AWS’ artificial intelligence (AI) and machine learning (ML) technologies.
The company said it plans to leverage this partnership to reduce its customers' mission costs, increase the program's flexibility, and accelerate the delivery of capabilities to operations.
Raytheon noted that its customers will have expanded options to manage their operations, including better decision-making, greater flexibility, and improved operational coordination.
"This collaboration unites the security, reliability, and higher levels of availability from AWS with Raytheon's space systems expertise to create new possibilities for our customers in the space industry," said David Appel, vice president of U.S. Federal at Amazon Web Services.
Raytheon said that, along with AWS, it is actively executing programs for government and commercial customers under this agreement.
RTX stock is up 49% year-to-date, while AMZN stock is up 4%.
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