RTX Corp Wins $333.3 Million U.S. Navy Contract

RTX Corp. was awarded a U.S. Navy contract valued at up to $333.3 million.

• U.S. government contract orders made up about 28 percent of the company’s revenue in the four quarters ended Sept. 2024

Following is the text from the Defense Department announcement:

Raytheon Co. was awarded a $333 million firm-fixed-price and cost-plus-fixed fee contract for Standard Missile-6 (SM-6) full rate production requirements, spares, and round design agent. This contract includes options which, if exercised, would bring the cumulative value of this contract to $908,144,803. Work will be performed in Tucson, Arizona (74%); Huntsville, Alabama (19%); Andover, Massachusetts (5%); and ...