RTX's Raytheon Awarded $6.3 Billion Multi-Year Contract for SM-3 IB Interceptors
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RTX's Raytheon has been awarded a multi-year contract valued at $6.3 billion for the production of SM-3 IB interceptors. This contract is part of the company's ongoing collaboration with the Pentagon to enhance missile defense capabilities.
Following the announcement of the contract, RTX stock rose about 1% on Friday, reflecting positive investor sentiment regarding the deal. The contract underscores the importance of advanced missile systems in national defense strategies.
RaytheonPentagon
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“RTX's Raytheon awarded $6.3 billion multi-year contract for SM-3 IB interceptors”
SEC Filing — RTX's Raytheon awarded $6.3 billion multi-year contract for SM-3 IB interceptors“RTX stock rose about 1% on Friday.”
IBD — RTX Wins $6 Billion Pentagon Contract For Interceptor Missiles