NYSE:RTXAerospace & Defense
RTX (RTX) Secures US$205 Million Contract for Navy's Phalanx CIWS Production
Raytheon Technologies (RTX) recently secured a $205 million contract with the U.S. Navy for the Phalanx Close-In Weapon System, a noteworthy development amid the recent 14% rise in RTX's stock price over the past quarter. This contract, alongside a $250 million deal with Japan's Mitsubishi Electric Corporation for missile kit production, likely supported this upward trend. Concurrently, the broader market saw modest gains, buoyed by expectations of Federal Reserve interest rate cuts. RTX's...
