RTX's Pratt & Whitney Lands $1.3B Navy Contract Modification for F135 Spares
RTX sits 42% above its 52-week low of $150.613.
Summary
Pratt & Whitney, an RTX unit, received a $1.3 billion modification to a U.S. Navy contract for F135 propulsion system spares supporting the Joint Strike Fighter program. Work runs through December 2030. This adds to a string of recent defense wins, including a $1.1B AIM-9X contract in June and an expanded Amraam program with NATO allies. The award reinforces the defense segment's momentum following RTX's raised 2026 outlook on strong aftermarket and defense demand. The contract size is material but not transformative for a company with $2.9B in quarterly free cash flow.
At the time of this announcement, RTX was trading at $214.39 on NYSE in the Manufacturing sector, with a market capitalization of approximately $288.9B. The 52-week trading range was $150.61 to $221.34. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.