RTX's Raytheon Unit Awarded $506M Contract by NASA to Design and Build Landsat Next Instrument Suite
Portfolio Pulse from Benzinga Newsdesk
RTX's Raytheon unit has been awarded a $506 million contract by NASA to design and build the Landsat Next Instrument Suite.
June 13, 2024 | 12:08 pm
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POSITIVE IMPACT
RTX's Raytheon unit has secured a significant $506 million contract from NASA to design and build the Landsat Next Instrument Suite, which is likely to positively impact RTX's revenue and market perception.
The $506 million contract from NASA is a substantial addition to RTX's revenue stream and enhances its reputation in the aerospace and defense sector. This contract is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100