Raytheon is being awarded a $2,134,000,000 modification to a previously awarded contract. The value of this contract is increased from $1,197,726,000 to $3,331,830,000. Under this modification, the contractor will provide the management, material, and services associated with the sustaining engineering and product support services of the Standard Missile-3 Block missile variants for the U.S. and Foreign Military Sales partners.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RTX:
- CVS, Oracle, Caterpillar, RTX, AGNC: Insider Moves Unveiled
- Buy Rating for RTX: Confidence in Overcoming Labor Strikes and Investing in Growth
- Defense spending heading higher under Trump administration, says Citi
- Sector Spotlight: U.S. budget to include DoD spending above expectations
- Trump Trade: Defense budget seen as ‘big win’ for defense stocks