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$322M+ Army Contract Win for RTX; OneConnect Delivers Mixed Q2 Results

  • August 16th, 2023
  • 305 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%).

 

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)

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