RTX (RTX) was awarded a $322.5M modification to contract for the Tube Launched Optically-Tracked Wireless Guided weapon system. Work will be performed in Tucson, Arizona, with an estimated completion date of September 30, 2026. FY23 procurement, Marine Corps funds; and 2021 and 2023 other procurement, Army funds in the amount of $322.5M were obligated at the time of the award. Army Contracting Command is the contracting activity.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RTX:
- Airlines Getting Angry About Boeing’s (NYSE:BA) Production Pace
- RTX’s Pratt & Whitney awarded $1.5B F119 engine sustainment contract
- RTX awarded $186.04M Navy contract
- Defense Secretary tells Pentagon to plan for 8% in budget cuts, WaPo reports
- RTX’s Raytheon complete 10 subsystem demonstrations for U.S. Army’s NGSRI