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RTX Corporation (RTX) Pipeline Receives $380.8 Million Boost Following $1.7B Spain Deal
Yahoo Finance· 2026-01-28 11:49
Group 1 - RTX Corporation has been awarded a $380.8 million contract for work on Tomahawk missiles, contributing to its growth in the defense and aerospace sector due to rising geopolitical spending [1] - The contract includes recertification and modernization of Tomahawk missiles, depot operations, and spares, with significant work to be performed in Tucson, Arizona; Boulder, Colorado; and Pontiac, Michigan [2] - RTX has also secured a $1.7 billion contract to supply Spain with four Patriot Air and missile defense systems, which includes radars, launchers, and command-and-control stations [3] Group 2 - NASA's Pandora mission, launched aboard a Saturn‑200 minisatellite built by Blue Canyon Technologies (a subsidiary of RTX), highlights RTX's expanding role in space innovation [4] - The company has delivered its largest telescope payload to date and has 87 spacecraft in orbit, showcasing its strength in the aerospace and defense industry [4] - RTX focuses on advanced systems, engines, and solutions for defense, commercial, and government customers, emphasizing innovations in missiles, aircraft engines, sensors, cybersecurity, and space technology [5]