Raytheon Wins $603M Air Force Contract for B-52 Radar Production
RTX sits 40% above its 52-week low of $150.613.
Summary
Raytheon, an RTX business, secured a $603 million ceiling indefinite-delivery/indefinite-quantity contract from the Air Force for B-52 radar production and sustainment. The contract provides for radar modernization on B-52 aircraft, equipping them with the new AN/APQ-188 radar. This adds to a string of recent defense wins, including a $22.9 billion Tomahawk contract in August and a $1.1 billion Navy missile award in June. The award reinforces RTX's defense backlog and supports its raised 2026 outlook. Specific delivery timelines and initial task orders were not disclosed.
At the time of this announcement, RTX was trading at $210.28 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $283.4B. The 52-week trading range was $150.61 to $226.88. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.