RTX Clinches a $250M Deal From MELCO to Produce ESSM Block 2

Key Takeaways RTX secured a $250M deal from MELCO to provide ESSM Block II kits, parts and tech support in Japan. The deal supports Japan's goal to boost local missile production and defense capabilities. RTX's ESSM Block 2 offers enhanced mobility, dual-mode guidance and software-driven threat adaptation.RTX Corporation’s (RTX) business segment, Raytheon, recently won a $250 million deal from Japan's Mitsubishi Electric Corporation (“MELCO”) to produce Evolved Seasparrow Missile (ESSM) Block 2.Per the te ...