Collins Aerospace, an RTX (RTX) business, has been awarded a $438M contract by the Federal Aviation Administration to support the Radar System Replacement program, a cornerstone of the agency’s effort to modernize the U.S. National Airspace System. The program is a key part of the Department of Transportation’s Brand New Air Traffic Control System. Collins will deliver next-generation cooperative and non-cooperative radar systems, giving air traffic controllers reliable and secure information to support operations. These new radars will simplify operations by replacing multiple legacy systems with a unified, cost-effective and adaptable architecture.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RTX:
- RTX downgraded to Neutral from Buy at UBS
- Trump Trade: 350 drugs to see price raises despite President’s pressure
- General Dynamics, Northrop Grumman and others awarded on $25.36B DMEA contract
- China Opens IPO Fast Track for Rocket Firms to Challenge SpaceX
- RTX’s Raytheon wins $1.7B contract to deliver four Patriot fire units to Spain