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0 0.00439085392954573 0.000832625461518465 0.0060405780374493 0.00398650978545171 0.00337190668642881 0.00188020027003723 -0.00510314657378187
Stock impact report

RTX's US$50b Patriot Deal Extends Backlog And Cash Flow Visibility [Yahoo! Finance]

Lockheed Martin Corporation (LMT) 
Last lockheed martin corporation earnings: 4/21 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
RTX (NYSE:RTX) has secured a $50b Department of Defense contract to build and sustain the Patriot missile defense system. The agreement is a multi decade commitment that expands RTX's backlog and reinforces its role in U.S. and allied missile defense. The Patriot program work under this contract is expected to run for roughly 20 years, affecting RTX's long term cash flow profile. For investors tracking NYSE:RTX, this contract arrives with the stock at $197.92 and a return of 5.7% year to date, plus 67.1% over the past year. Over 3 years the stock is up 111.9% and over 5 years it is up 184.9%, underscoring that defense exposure has been a key part of the RTX story. This new Patriot award adds another large, long duration pillar to that profile. The 20 year Patriot commitment gives RTX unusually long visibility on a core program. This can matter for how investors think about revenue stability, capital allocation, and risk. It also deepens RTX's role with U.S. and allied governm Show less Read more
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