RTX Clinches a $946M Contract to Support Patriot Missile Program

RTX Corp. (RTX) recently secured a modification contract to provide hardware, software and services for the production of the Patriot missile program. The award has been offered by the U.S. Army Contracting Command, Redstone Arsenal, AL.Valued at $946.4 million, the contract is projected to be completed by Dec. 31, 2029.What’s Favoring RTX Stock?Global defense spending has surged rapidly over the past decade as nations are significantly enhancing their military capabilities amid rising geopolitical tensions ...