RTX Secures $1.1 Billion Navy Contract for AIM-9X Missiles
RTX sits 33% above its 52-week low of $141.26.
Summary
RTX's Raytheon division has won a $1.1 billion contract from the U.S. Navy to produce AIM-9X Block II infrared missiles and related equipment. This significant contract adds to the company's robust defense backlog, following other large awards earlier this year. The deal reinforces RTX's role as a critical defense supplier and boosts production capacity for key missile systems. The company's board also declared a routine quarterly cash dividend of $0.73 per share.
At the time of this announcement, RTX was trading at $188.45 on NYSE in the Manufacturing sector, with a market capitalization of approximately $253.2B. The 52-week trading range was $141.26 to $214.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.