RTX (RTX) was awarded a $216.39M cost-plus-fixed-fee completion contract modification to a previously awarded contract for the procurement and development of special tooling and special test equipment to increase production capacity of the Standard Missile 6 All Up Round. Work is expected to be completed by September 2029. FY24 weapons procurement in the amount of $136.09M was obligated at time of award and will not expire at the end of the current fiscal year. Naval Sea Systems is the contracting activity.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RTX: