RTX's Raytheon Awarded $1.2B Contract To Provide Patriot Air And Missile Defense Systems To Germany
Portfolio Pulse from Benzinga Newsdesk
Raytheon, a business unit of RTX (NYSE:RTX), has been awarded a $1.2 billion contract to supply Germany with additional Patriot air and missile defense systems. This contract includes the latest Patriot Configuration 3+ radars, launchers, command and control stations, and associated support, enhancing Germany's air defense capabilities and interoperability with allies.

March 21, 2024 | 2:13 pm
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RTX's Raytheon business unit wins a $1.2 billion contract to provide Germany with Patriot air and missile defense systems, marking a significant revenue opportunity and reinforcing its position in global defense.
The $1.2 billion contract awarded to Raytheon, a business unit of RTX, for supplying Patriot air and missile defense systems to Germany is a significant revenue opportunity for RTX. It not only enhances RTX's financial outlook but also solidifies its standing in the global defense market. The contract underscores the demand for advanced air and missile defense capabilities and RTX's ability to meet this demand, likely leading to a positive short-term impact on RTX's stock price.
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