NYSE:RTXAerospace & Defense
Will a US Navy $205 Million Phalanx Contract Reinforce RTX's (RTX) Naval Defense Leadership?
Raytheon was awarded a US$205 million contract by the U.S. Navy in September 2025 for continued production and upgrades of the Phalanx Close-In Weapon System (CIWS), which defends against anti-ship missiles and other close-in threats on U.S. and allied ships.
This award underscores the critical role of the Phalanx system, recently credited with intercepting a Houthi missile and saving hundreds of sailors, in modern naval defense.
We'll explore how this major Navy contract further solidifies...