RTX and Boeing: Major Wins in Defense Contracts
- July 01st, 2023
- 655 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
-
NJCP Football League Provides Development and Opportunity for Athletes Pursuing the Next Level
March 20th, 2026March 19th, 2026How High School Graduates Can Kickstart Their Football Career
March 18th, 2026




Member Login