FX.co ★ RTX Bags $590 Mln Follow-On Production Contract From US Navy

RTX Corporation has announced that it has been awarded a follow-on production contract by the U.S. Navy for the Next Generation Jammer Mid-Band system. This contract, valued at $590 million, requires RTX to supply shipsets, support equipment, spare parts, and provide non-recurring engineering support. The project is scheduled for completion by 2028. Meanwhile, RTX's stock is presently trading at $118.64 on the New York Stock Exchange, marking a 0.47 percent decline.