$322M+ Army Contract Win for RTX; OneConnect Delivers Mixed Q2 Results
- August 16th, 2023
- 587 views
Raytheon Land & Air Defense Systems, a subsidiary of RTX Corporation (NYSE: RTX), was awarded a significant fixed-price-incentive contract worth $322.5 million for the procurement of Tube-Launched, Optically-Tracked, Wireless-Guided 2B Missiles. The contract was awarded by the Army Contracting Command based in Redstone Arsenal, Alabama.
$RTX was trading at $85.90 in pre-market, showing a gain of $0.24 (+0.28%).
In other news, OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), a technology-as-a-service platform for financial institutions, posted a second-quarter 2023 loss of $(0.32) per share, slightly missing the consensus estimate loss of $(0.30) per share. The company's quarterly sales reached $139.01 million, exceeding analysts' projected revenue of $138.35 million for the period.
In pre-market, $OCFT was trading at $3.39, up $0.01 (+0.30%).
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