RTX Receives $525M U.S. Navy Contract For ESSM Block 2 Missiles And Spares For The U.S. And Allied Nations
Portfolio Pulse from Benzinga Newsdesk
Raytheon, an RTX business, has secured a $525 million contract from the U.S. Navy to produce ESSM Block 2 missiles and spares for the U.S. and allied nations, enhancing naval capabilities.
September 30, 2024 | 1:04 pm
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Raytheon, an RTX business, has been awarded a $525 million contract by the U.S. Navy for the production of ESSM Block 2 missiles and spares. This contract is expected to enhance RTX's revenue and strengthen its position in the defense sector.
The $525 million contract is a significant addition to RTX's defense portfolio, likely leading to increased revenue and strengthening its market position. The contract's focus on advanced missile systems aligns with RTX's strategic goals, making it highly relevant and important for investors.
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