RTX Lands $24.4 Billion Defense Contract, Stock Remains Flat
RTX has secured a $24.4 billion multi-year contract from the U.S. Department of Defense for SM-6 interceptor missiles. Despite the significant contract award, the stock has not shown a notable rally, indicating a disconnect between the news and market reaction.
By Al Root, more spending on missiles and defense systems is barely moving the stocks, an odd situation that could end in a few more weeks. 4 billion multi-year Defense Department contract for SM-6 interceptor missiles, which can intercept aircraft, ballistic missile…