RTX (RTX) was awarded a $333.28M firm-fixed-price and cost-plus-fixed fee contract for Standard Missile-6 full rate production requirements, spares, and round design agent. This contract includes options which, if exercised, would bring the cumulative value of this contract to $908.14M. Work is expected to be completed by October 2027. If all options are exercised, work will continue through September 2030. FY24 weapons procurement funding in the amount of $333.28M was obligated at time of award and will not expire at the end of the current fiscal year. This contract was not competitively procured in accordance with 10 U.S. Code 3204(a)(1). Naval Sea Systems Command is the contracting activity.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RTX:
- Defense Stocks ETFs as Trump Trade? Wall Street Says Hold Fire
- RTX price target lowered to $139 from $150 at Susquehanna
- RTX price target raised to $151 from $140 at Wells Fargo
- RTX price target lowered to $130 from $135 at Jefferies
- RTX’s Raytheon awarded $946M contract to supply Romania with Patriot air