RTX and Boeing: Major Wins in Defense Contracts
- July 01st, 2023
- 864 views
RTX (NYSE: RTX), through its subsidiaries, has been awarded three contracts totaling $5,623,670,040.
The first one, awarded to RTX's Pratt & Whitney, is a modification worth $5,500,316,404 to the F117 Engine Sustainment Support contract, bringing the total value of the contract to $8,241,064,215. This contract involves Foreign Military Sales to multiple countries, including the United Kingdom, Canada, Australia, United Arab Emirates, Qatar, India, and Kuwait.
The second contract, awarded to Pratt & Whitney Military Engine, is a modification valued at $66,084,257. It provides design engineering, program management support, technology maturation, and other services to enhance the F135 engine for the F-35 Lightning II program.
Raytheon Missiles and Defense, another business segment of RTX, has been awarded a $57,269,379 modification to a previously-awarded contract. The contract is for the procurement, fabrication, assembly, testing, and delivery of German Rolling Airframe Missile (RAM) Mod 5 Guided Missile Launching Systems and related spare parts for the U.S. and German Navy.
On Friday, RTX closed at $97.96, up $0.16 (+0.16%).
In other news, The Boeing Co. (NYSE: BA) has secured a significant contract worth $793,350,000 for aircraft. The contract was awarded by the U.S. Army Contracting Command, based in Redstone Arsenal, Alabama.
$BA closed at $211.16, down $0.67 (0.32%) on Friday.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
DOT, DoW, DHS Join Forces to Protect Southern Border Airspace
October 16th, 2026FTC Sues Ticket Broker Over Unlawful Tactics Used to Buy Millions of Tickets to Popular Live Events
October 15th, 2026October 15th, 2026FDA Approves First Treatment for Certain People With BCG-Unresponsive Bladder Cancer
October 14th, 2026U.S. Treasury Announces Record Enforcement Actions Against Bank of America
October 14th, 2026




Member Login