Rtx Adds $24.4 Billion SM-6 Contract To Recent Missile Award Run
RTX Corporation (NYSE: RTX ) shares edged higher in Friday's premarket session after its Raytheon business secured a contract worth up to $24.4 billion to produce Standard Missile-6. Raytheon Lands $24.4 Billion SM-6 Contract The five-year agreement, which includes two additional option years, covers production of SM-6 interceptors used for offensive strike and missile-defense missions. Raytheon is expected to increase SM-6 availability under the contract, keeping production capacity and delivery volumes in focus. The deal extends a recent run of major missile awards. In September, the Pentagon awarded Raytheon a five-year AMRAAM contract worth up to $20.7 billion to support higher production and U.S. stockpile replenishment. That followed an August contract worth up to $22.9 billion to expand Tomahawk missile production, along with two additional awards totaling $1.28 billion for Standard Missile-3 Block IIA and TOW weapon systems. Together, the contracts strengthen multi-year demand visibility across Raytheon's missile portfolio. RTX Technical Outlook: Shares Remain Oversold At $186.20, RTX trades below its major moving averages, including the 20-day, 50-day, 100-day, and 200-day
4 billion to produce Standard Missile-6. 4 Billion SM-6 Contract The five-year agreement, which includes two additional option years, covers production of SM-6 interceptors used for offensive strike and missile-defense missions. Raytheon is expected to increase SM-6 availability under the contract, keeping production capacity and delivery volumes in focus. The deal extends a recent run of major missile awards.
S. stockpile replenishment. 28 billion for Standard Missile-3 Block IIA and TOW weapon systems. Together, the contracts strengthen multi-year demand visibility across Raytheon's missile portfolio.
20, RTX trades below its major moving averages, including the 20-day, 50-day, 100-day, and 200-day SMAs. 8% below its 200-day SMA, leaving those levels as potential resistance during a rebound. 38, placing RTX in oversold territory. While readings below 30 can indicate selling has become stretched, they do not confirm a trend reversal.
00. RTX Earnings And Analyst Outlook RTX's next earnings report is scheduled for Oct. 20. 48 billion in the prior-year period.
6 times. 86. Recent analyst actions include Bernstein maintaining Market Perform while lowering its target to $223 on Sept. 23, after raising it to $232 on Aug.
3. TD Cowen maintained Buy and raised its target to $240 on July 27. RTX Edge Scores RTX's Edge scorecard shows quality as its strongest factor, while value remains the weakest. 29) — The stock remains under pressure despite Friday's premarket bounce.
48) — RTX ranks strongly on underlying business quality. 13) — The stock scores relatively low on valuation. 84) — Growth ranks near the middle of the broader market. The Edge profile points to strong quality but weaker valuation and mixed momentum as investors assess the latest defense contract wins.
S. 21% Changes in flows into these funds can contribute to trading activity in RTX because the stock has relatively large portfolio weights. 20 during premarket trading on Friday, according to Pro data. Read Also: Defense Stocks Enter Bear Market, Hit Longest Losing Streak on Record Image via Shutterstock