RTX Wins $1.1B Navy Contract
RTX Corporation's Raytheon business receives a $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles
S. Navy contract to produce AIM-9X Block II missiles. S. military inventory and meet rising demand from allied nations.
S. and Foreign Military Sales customers. AIM-9X Demand Expands The AIM-9X is an infrared-tracking, short-range air-to-air and surface-to-air missile used in multiple theaters worldwide. Raytheon said the system can be installed on a wide range of modern aircraft and also supports ground-launched defense capabilities, including the National Advanced Surface to Air Missile System, or NASAMS.
S. and more than 35 allied and partner nations use the missile. To meet growing demand, Raytheon is expanding production capacity to 2,500 missiles per year. Most of the work under the contract will take place in Tucson, Arizona, where Raytheon is also expanding its engineering workforce to support critical military programs across multiple domains.
92. The moving average convergence divergence (MACD) is above its signal line, indicating that downside pressure is easing, suggesting improving momentum in the stock. 00 — a nearby level where rebounds can stall. 00 — a nearby level where buyers previously stepped in.
RTX Earnings Preview And Analyst Price Targets RTX is expected to provide its next financial update on July 21, 2026. 58 billion. 0x, indicating a premium valuation. 00.
85 at the time of publication on Friday, according to Pro data. Read Also: Lockheed Martin's Mega Missile Deal Signals New Defense Supercycle Image by T. Schneider via Shutterstock