RTX was awarded a $287M modification to a previously awarded firm-fixed-price, cost-plus-incentive-fee, cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract. This modification adds scope to provide for recertification and modernization of 166 Tomahawk Block IV All-Up-Round Missiles in support of enabling the missiles to be operational for up to an additional 15 years of service. Additionally, this modification provides for missile obsolescence and health monitoring, software maintenance, depot support, and associated hardware procurements. Work is expected to be completed in March 2026. No funds will be obligated at the time of award; funds will be obligated on individual orders as they are issued. Naval Air Systems Command is the contracting activity.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RTX:
- RTX (NYSE:RTX) Slips despite Hefty New Payday at Raytheon
- RTX’s Raytheon awarded $1.2B contract for Patriot air and missile defense system
- RTX price target raised to $115 from $106 at TD Cowen
- Early notable gainers among liquid option names on March 14th
- Wells Fargo upgrades RTX to Overweight, sees potential upside beyond recall
