<div id="readability-page-1"><div><ul> <li>TTM Technologies (NasdaqGS:TTMI) has entered a multi year supply agreement with Raytheon for critical defense hardware valued at up to US$200 million.</li> <li>The agreement supports Raytheon’s LTAMDS program through advanced electronic components used in key defense systems.</li> <li>TTM Technologies is also set to join the S&amp;P MidCap 400 index, which may draw fresh attention from index linked and institutional investors.</li> </ul> <p>TTM Technologies focuses on printed circuit boards and related electronic components for sectors such as aerospace and defense, networking, and industrial applications. The new Raytheon agreement places the company more deeply inside long term defense programs that often rely on stable, high reliability supply partners.</p> <p>For investors, the combination of a multi year contract and S&amp;P MidCap 400 inclusion may provide more consistent visibility into potential demand, together with higher awareness from fund managers. It is worth watching how TTM Technologies executes on this contract and how its index inclusion affects trading volumes and ownership over time.</p> <p>Stay updated on the most important news stories for TTM Technologies by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on TTM Technologies.</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/19ca8096-a337-4446-ab3b-f6d2d62aa66c/chart/earnings-and-revenue-growth?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/19ca8096-a337-4446-ab3b-f6d2d62aa66c/chart/earnings-and-revenue-growth"/><figcaption>NasdaqGS:TTMI Earnings &amp; Revenue Growth as at Jan 2026</figcaption></figure> <p>How TTM Technologies stacks up against its biggest competitors</p> <h3>Quick Assessment</h3> <ul> <li><strong>⚖️ Price vs Analyst Target</strong>: At US$98.20 versus a consensus target of US$103.25, the price sits about 4.9% below analyst expectations.</li> <li><strong>❌ Simply Wall St Valuation</strong>: Shares are estimated to trade 36.5% above fair value, which flags a valuation premium.</li> <li><strong>✅ Recent Momentum</strong>: The 30 day return of 42.32% points to strong short term momentum around the contract win and index inclusion.</li> </ul> <p>Check out Simply Wall St's in depth valuation analysis for TTM Technologies.</p> <h3>Key Considerations</h3> <ul> <li>📊 The Raytheon deal and S&amp;P MidCap 400 entry can support demand visibility and attract more institutional ownership.</li> <li>📊 Watch how the US$200m supply agreement converts into revenue and margins, and whether the current 76.9x P/E trends closer to the 26.6x industry average.</li> <li>⚠️ With shares screening as 36.5% overvalued and flagged for volatile price history, you may want to consider how much optimism is already in the price.</li> </ul> <h3>Dig Deeper</h3> <p>For the full picture including more risks and rewards, check out the complete TTM Technologies analysis.</p> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data     and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your     financial situation. We aim to bring you long-term focused analysis driven by fundamental data.     Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</em></p></div></div>

<p>TTM Technologies has secured a multi-year supply agreement with Raytheon worth up to $200 million, enhancing its role in defense programs. The company will also join the S&P MidCap 400 index, potentially increasing visibility among institutional investors. While the stock is currently trading 4.9% below analyst targets and is considered 36.5% overvalued, recent momentum shows a 42.32% return over 30 days. Investors should monitor how the contract impacts revenue and whether the high P/E ratio aligns with industry averages.</p>

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SPDR S&P Aerospace & Def

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TTM Technologies’ Raytheon Deal And Index Entry Raise Valuation Questions