RTX (RTX) was awarded a $206.23M cost-plus-incentive-fee contract. This contract provides for the design, engineering, integration, testing, and verification/validation of M-Code Global Positioning System capabilities into the AN/USN-31 Joint Precision Approach and Landing System, as well as for the procurement of four engineering development models for the Navy. Work is expected to be completed in April 2030. FY26 research, development, test and evaluation funds in the amount of $11.5M will be obligated at the time of award, none of which will expire at the end of the current fiscal year. The contract was not competed. Naval Air Systems Command is the contracting activity.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RTX:
- RTX downgraded to Hold from Buy at Erste Group
- RTX Stock Stumbles as Bullish Analysts Trim Targets
- SpaceX Lands Role in $3.2B ‘Golden Dome’ Missile Defense Program
- Trump Trade: Trump suggests government could take over Spirit Airlines
- RTX awarded $369.86M Navy contract modification