TTM Technologies and Raytheon secure a $200 million multi-year agreement for LTAMDS hardware, enhancing program efficiency and delivery.
Quiver AI Summary
TTM Technologies, Inc. and Raytheon have signed a multi-year agreement worth up to $200 million to supply radio frequency assemblies, electronic hardware, and printed circuit boards for Raytheon’s Lower Tier Air and Missile Defense Sensor (LTAMDS). This partnership is aimed at supporting the development and production-readiness of LTAMDS, ensuring timely delivery of essential hardware that aligns with customer project milestones. Raytheon's Mike Mills highlighted that this contract will help meet accelerated delivery schedules while lowering costs. TTM’s capabilities in designing and manufacturing components for the LTAMDS and GhostEye radars are expected to enhance manufacturing capacity and improve delivery times, aligning with Department of Defense goals of strengthening supply chains for defense technology.
Potential Positives
- TTM Technologies has secured a multi-year agreement with Raytheon valued at $200 million, ensuring significant revenue over the next three years.
- The agreement reinforces TTM's longstanding partnership with Raytheon, highlighting the company’s role in critical defense projects, which can enhance its reputation in the aerospace and defense sector.
- This contract allows TTM to invest in capacity and improve lead-time stability, ultimately increasing value for customers and aiding U.S. defense capabilities.
- The partnership aligns with the Department of War's initiatives to strengthen supply chains and accelerate the delivery of essential military technologies, placing TTM in a favorable position within the industry.
Potential Negatives
- None
FAQ
What is the value of TTM's agreement with Raytheon?
The agreement is valued at $200 million over a three-year period.
What products will TTM provide under the agreement?
TTM will provide radio frequency assemblies, electronic hardware, and printed circuit boards for the LTAMDS.
How does this agreement benefit Raytheon?
This contract helps Raytheon meet accelerated delivery schedules while reducing costs for the LTAMDS project.
What is LTAMDS?
LTAMDS stands for Lower Tier Air and Missile Defense Sensor, which is part of Raytheon's defense systems.
Who can I contact for more information about TTM?
You can contact Sean K.F. Hannan at [email protected] or Matthew Clarke at [email protected].
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TTMI Insider Trading Activity
$TTMI insiders have traded $TTMI stock on the open market 15 times in the past 6 months. Of those trades, 2 have been purchases and 13 have been sales.
Here’s a breakdown of recent trading of $TTMI stock by insiders over the last 6 months:
- CATHERINE A GRIDLEY (EVP, A&D Sector President) has made 0 purchases and 2 sales selling 45,000 shares for an estimated $1,897,664.
- THOMAS T EDMAN sold 16,800 shares for an estimated $1,171,742
- TOM CLAPPROOD (PresA&D Interconnect Solutions) sold 15,000 shares for an estimated $670,177
- JOHN G MAYER sold 9,167 shares for an estimated $624,579
- ROBERT P. FARRELL (President C&C) has made 0 purchases and 4 sales selling 7,112 shares for an estimated $419,896.
- WAJID ALI has made 2 purchases buying 10,000 shares for an estimated $413,209 and 0 sales.
- JULIE SPICER ENGLAND sold 3,784 shares for an estimated $239,678
- STEVEN SPOTO (VP Finance A&D) has made 0 purchases and 2 sales selling 4,484 shares for an estimated $229,242.
- ANTHONY JOSEPH SANDEEN (President, AMI&I Business Unit) sold 2,000 shares for an estimated $134,593
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$TTMI Revenue
$TTMI had revenues of $626.6M in Q4 2025. This is a decrease of -3.75% from the same period in the prior year.
You can track TTMI financials on Quiver Quantitative's TTMI stock page.
$TTMI Hedge Fund Activity
We have seen 214 institutional investors add shares of $TTMI stock to their portfolio, and 187 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- POLAR CAPITAL HOLDINGS PLC added 3,062,083 shares (+inf%) to their portfolio in Q3 2025, for an estimated $176,375,980
- INVESCO LTD. added 2,699,494 shares (+127.7%) to their portfolio in Q3 2025, for an estimated $155,490,854
- FMR LLC added 1,812,838 shares (+152.4%) to their portfolio in Q3 2025, for an estimated $104,419,468
- FRANKLIN RESOURCES INC removed 1,590,452 shares (-86.3%) from their portfolio in Q3 2025, for an estimated $91,610,035
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,560,394 shares (+575.7%) to their portfolio in Q3 2025, for an estimated $89,878,694
- THRIVENT FINANCIAL FOR LUTHERANS added 1,368,708 shares (+11474.7%) to their portfolio in Q3 2025, for an estimated $78,837,580
- WESTFIELD CAPITAL MANAGEMENT CO LP added 994,282 shares (+inf%) to their portfolio in Q3 2025, for an estimated $57,270,643
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$TTMI Analyst Ratings
Wall Street analysts have issued reports on $TTMI in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Needham issued a "Buy" rating on 11/12/2025
- Truist Securities issued a "Buy" rating on 10/30/2025
To track analyst ratings and price targets for $TTMI, check out Quiver Quantitative's $TTMI forecast page.
$TTMI Price Targets
Multiple analysts have issued price targets for $TTMI recently. We have seen 3 analysts offer price targets for $TTMI in the last 6 months, with a median target of $105.0.
Here are some recent targets:
- Mike Crawford from B. Riley Securities set a target price of $123.0 on 01/22/2026
- James Ricchiuti from Needham set a target price of $105.0 on 01/13/2026
- William Stein from Truist Securities set a target price of $91.0 on 12/19/2025
Full Release
COSTA MESA, Calif., Jan. 28, 2026 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI) (“TTM”) and Raytheon, an RTX business (NYSE: RTX), have reached a multi-year agreement to provide radio frequency assemblies, electronic hardware, and printed circuit boards supporting Raytheon’s Lower Tier Air and Missile Defense Sensor (“ LTAMDS ”). The potential value is $200 million over a three-year period.
This agreement builds on TTM’s support of LTAMDS’ development and production-readiness activities, helping maintain program schedules and deliver hardware aligned to customer milestones.
“Establishing a multi-year contract with TTM for LTAMDS will allow us to meet our accelerated delivery schedule while reducing costs,” said Mike Mills, Raytheon Vice President of LTAMDS and GhostEye Programs.
TTM designs, manufactures and tests the Beam Forming Network (“BFN”), printed wiring boards, and specialized assemblies for the LTAMDS and GhostEye radars. Multi-year commitments allow a strategic supplier partner like TTM to invest in capacity and improve lead-time stability which ultimately increases value for customers and the taxpayer.
“This significant agreement reinforces our long-standing partnership with Raytheon and reflects the growing importance of resilient and trusted, U.S.-based electronics manufacturing for integrated air and missile defense,” said Catherine Gridley, Executive Vice President and President of TTM’s Aerospace & Defense Sector. “This directly aligns with the Department of War’s emphasis on strengthening supply chains and accelerating delivery of urgently needed capabilities.”
For questions or to schedule an interview, please contact:
Sean K.F. Hannan
VP, Investor Relations
+1 339 466 7737
[email protected]
Matthew Clarke
Senior Director, Marketing & Communications
TTM Technologies, Inc.
+1 321 462 7900
[email protected]
About TTM
TTM Technologies, Inc. is a leading global manufacturer of technology products, including mission systems, radio frequency (“RF”) components, RF microwave/microelectronic assemblies, and technologically advanced interconnect products, including PCBs and substrates. TTM stands for time-to-market, representing how TTM's time-critical, one-stop design, engineering and manufacturing services enable customers to reduce the time required to develop new products and bring them to market. Additional information can be found at
www.ttm.com
.
