RTX's Collins Aerospace Wins $472M Army Contract for Chinook Avionics
RTX sits 49% above its 52-week low of $150.613 on light trading volume (0.1× avg).
Summary
Collins Aerospace, an RTX subsidiary, secured a contract worth up to $472 million to modernize avionics on the U.S. Army's CH-47 Chinook helicopter fleet. The work addresses obsolescence and strengthens the fleet's communication, navigation, and mission systems. This award adds to RTX's growing defense backlog, following a $1.1 billion Navy missile contract in June and an expanded NATO Amraam program in July. The contract aligns with the strong defense demand that drove RTX's raised 2026 guidance last month, reinforcing the aftermarket and services growth narrative.
At the time of this announcement, RTX was trading at $225.02 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $303.3B. 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 7 out of 10. Source: Dow Jones Newswires.