The U.S. State Department has made a determination approving a possible Foreign Military Sale to the Government of Denmark of AIM-120D-3 Advanced Medium Range Air-to-Air Missiles and related elements of logistics and program support for an estimated cost of $744M. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale Tuesday. The Government of Denmark has requested to buy up to 203 AIM-120D-3 Advanced Medium Range Air-to-Air Missiles; and up to nine AIM-120D-3 AMRAAM guidance sections to include precise position provided by either Selective Availability Anti-Spoofing Module or M-Code. The following non-MDE items will also be included: spare AMRAAM control sections; missile containers and support equipment; munitions support and support equipment; spare parts, consumables and accessories, and repair and return support; weapons software and support equipment; classified software delivery and support; classified publications and technical documentation; transportation support; studies and surveys; U.S. Government and contractor engineering, technical and logistics support services; and other related elements of logistics and program support. The estimated total cost is $744M. The principal contractor will be RTX (RTX) Corporation, located in Tucson, AZ. The purchaser typically requests offsets. Any offset agreement will be defined in negotiations between the purchaser and the contractor.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RTX:
- JetBlue CEO says in talks with Pratt & Whitney regarding aircraft on ground
- RTX price target raised to $130 from $108 at Barclays
- Jefferies aerospace & defense analysts hold analyst/industry conference call
- RTX awarded $900M Missile Defense Agency contract modification
- These 3 Aerospace Stocks are Buys, According to Bank of America