Arlington, Va. – November 03, 2026 -- Raytheon, an RTX business (NYSE: RTX), has won a phase one contract from the Defense Advanced Research Projects Agency (DARPA) to develop an all-optical processing system for the agency's Photonic Integrated Circuit Architectures for Scalable System Objectives (PICASSO) program. Financial terms were not disclosed.

European Union – October 31, 2026 -- The EU Agency for the Cooperation of Energy Regulators (ACER) has approved amended implementation frameworks for the PICASSO and MARI electricity balancing platforms. It adopted Decisions 12/2026 and 13/2026 and added three prequalification options for balancing service providers (BSPs).