RTX To Optimize Water Prediction Capabilities For NOAA Under A Four-Year, $80M Task Order, Awarded Under The General Services Administration Schedule
Portfolio Pulse from Benzinga Newsdesk
Raytheon Technologies (RTX) has been awarded an $80 million, four-year contract by the National Oceanic and Atmospheric Administration (NOAA) to develop and optimize the nation's water resources prediction capabilities. The project aims to create a climate-ready nation that can respond to weather, water, and climate-dependent events. Raytheon will work with the National Weather Service to innovate its Next Generation Water Model Framework, Flood Inundation Mapping, and Enterprise Hydrofabric Solution.
September 28, 2023 | 1:04 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Raytheon Technologies (RTX) has secured an $80 million contract from NOAA. This could potentially boost RTX's revenues and reputation in the sector.
The contract win is a positive development for RTX as it not only provides a revenue boost but also strengthens its position in the sector. The company's work with NOAA could lead to further opportunities in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100