RTX awarded $344M contract to modernize electronics unit for missile development program [Seeking Alpha]
RTX Corporation (RTX)
Company Research
Source: Seeking Alpha
Block IIICU and SM-6 Block IU – which will be based on a common guidance section, where the electronics and software that guide a missile to its target are housed. This commonality will allow Raytheon to manufacture both missiles on a common production line, providing flexibility, scalability, and cost reductions, the company added. The development program is largely funded by Foreign Military Sales. The first users of these updated missiles will be the U.S., Australia, Canada, Japan, and Korea. Work on this contract is being conducted in Tucson, Arizona. While the common sub-sections will be developed for both missile configurations under this award, there is a follow-on contract expected later this year which will complete the missile level qualification events as well as At-Sea flight tests specific to the SM-2 Block IIICU configuration, RTX said. Recommended For You Recommended For You More Trending News About RTX Stock Related Stocks Trending Analysis Trending
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RTX
News
- Grupo Aeroportuario del Pacifico Reports in April 2024 a Passenger Traffic Decrease of 7.3% Compared to 2023 [Yahoo! Finance]Yahoo! Finance
- Here's Why RTX (RTX) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
- RTX's new generation of commercial satellite imagers launches with Maxar's WorldView Legion [Yahoo! Finance]Yahoo! Finance
- RTX's new generation of commercial satellite imagers launches with Maxar's WorldView LegionPR Newswire
- RTX Board of Directors Increases Quarterly Cash DividendPR Newswire
RTX
Earnings
- 4/23/24 - Beat
RTX
Sec Filings
- 5/2/24 - Form 4
- 4/30/24 - Form 4
- 4/30/24 - Form 144
- RTX's page on the SEC website