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RTX Wins Key Defense Contracts as Cramer Highlights Stock’s Political Tailwinds
Yahoo Finance· 2025-09-16 14:17
Group 1 - RTX Corporation (NYSE:RTX) is highlighted as one of Jim Cramer's stock picks, benefiting from political narratives and defense spending [1][3] - The company secured significant defense contracts, including a $760 million contract from the U.S. Air Force and a $205 million contract for the Phalanx Close-In Weapon System [2] - RTX Corporation has strong institutional backing, with 71 hedge funds holding stakes as of Q2 2025, indicating robust investor interest [3] Group 2 - RTX Corporation is a multinational aerospace and defense company formed in 2020 through the merger of Raytheon Company and United Technologies Corporation's aerospace businesses [4] - The company develops and manufactures advanced systems, including aircraft engines, avionics, missiles, and defense systems [4]
RTX's Pratt & Whitney receives TF33 engine sustainment contract for NATO's E-3 Sentry fleet
Prnewswire· 2025-09-10 12:00
Core Insights - Pratt & Whitney has secured an $18 million contract for TF33 engine sustainment from NATO, aimed at supporting the readiness of the AWACS fleet [1][2] - The contract includes a comprehensive materials management program and spans three years, with a potential two-year extension [2] - Work will be conducted at multiple locations, including NATO Air Base in Geilenkirchen, Turkey, Greece, and Pratt & Whitney's facility in East Hartford, Connecticut [3] Company Overview - Pratt & Whitney, a business unit of RTX, specializes in the design, manufacture, and service of aircraft engines and auxiliary power units for military and commercial aviation [4] - RTX is the largest aerospace and defense company globally, with over 185,000 employees and projected sales exceeding $80 billion in 2024 [5]