RTX (RTX) was awarded a $258.74M cost-plus-incentive-fee contract for the engineering, manufacturing, and development of the Standard Missile 2 Block IIICU All Up Round. This contract includes options which, if exercised, would bring the cumulative value of this contract to $263.14M. Work is expected to be completed by September 2031. This contract was not competitively procured in accordance with 10 U.S. Code 3204. Naval Sea Systems Command is the contracting activity.
Claim 30% 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:
- McCormick removed from ‘US 1 List’ at BofA
- RTX selected to optimize cyber vulnerability detection for DARPA
- GXO Logistics announces renewal of agreement with RTX’s Pratt & Whitney
- China limits supply of critical minerals to Western defense companies, WSJ says
- Insider Moves: PayPal, Bank of America, Strategy, RTX, and Enterprise Products Partners