RTX's Raytheon TOW Wins $676M Contract To Continue Manufacturing Tube-Launched, Optically-Tracked, Wireless-Guided TOW Weapon System For U.S. Army.
Portfolio Pulse from Benzinga Newsdesk
RTX's Raytheon has secured a $676 million contract to continue manufacturing the TOW weapon system for the U.S. Army, highlighting the company's strong defense sector presence.
October 23, 2024 | 1:02 pm
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RTX's Raytheon has been awarded a $676 million contract to manufacture the TOW weapon system for the U.S. Army, which is likely to boost the company's revenue and strengthen its position in the defense sector.
The $676 million contract is a significant addition to RTX's revenue stream and reinforces its role in the defense industry. Such contracts typically have a positive impact on stock prices due to increased revenue and strengthened market position.
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