By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Markets > Stocks > RTX awarded $264 million US Navy modification contract to produce AIM-9X missiles
Stocks

RTX awarded $264 million US Navy modification contract to produce AIM-9X missiles

News Room
Last updated: 2023/06/19 at 5:34 PM
By News Room
Share
1 Min Read
SHARE

© Reuters. A Raytheon Technologies (RTX) logo is pictured during the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. REUTERS/Benoit Tessier

(Reuters) – Raytheon Technologies (NYSE:) on Monday said it was awarded a $264 million modification contract from the United States Navy to produce and deliver 571 short-range AIM-9X Sidewinder missiles.

The company said this was a modification to a production Lot 23 contract, that was originally awarded to the defense company in Dec. 2022.

Raytheon (NYSE:) added it would also produce associated parts for the U.S. Navy, U.S. Air Force, and its foreign military sales customers, as well as provide captive air training systems, containers, related kits and support equipments for the missiles.

The U.S. aerospace giant said that majority of work is expected to be completed in August 2026.

Separately, RTX expects to take a $500 million hit to free cash flow due to a supply chain problem with the GTF engine made by its Pratt & Whitney subsidiary, the company said during an investor day on Monday.

Read the full article here

News Room June 19, 2023 June 19, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Dollar falls after Trump asks lawmakers if he should fire Jay Powell

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Israel strikes Syrian military headquarters in Damascus

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Morgan Stanley says wealthy clients ‘bought the dip’ amid tariff turmoil

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Gaza stampede at GHF aid site kills at least 20

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Bank of America boosted by bigger loan book and robust trading

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

- Advertisement -
Ad imageAd image

You Might Also Like

Stocks

Playa Hotels & Resorts (NASDAQ:PLYA) Delivers Strong Q4 Numbers By Stock Story

By News Room
Stocks

ON24 (NYSE:ONTF) Posts Better-Than-Expected Sales In Q4 By Stock Story

By News Room
Stocks

Evolent Health shares leap on Q4 earnings beat and upbeat guidance By Investing.com

By News Room
Stocks

Chuy’s (NASDAQ:CHUY) Reports Q4 In Line With Expectations But Stock Drops

By News Room
Stocks

Red River Bancshares raises dividend to $0.09 per share

By News Room
Stocks

Ecolab appoints Microsoft executive to board

By News Room
Stocks

Semilux secures $50 million equity deal with White Lion Capital

By News Room
Stocks

US government debt trajectory to push long-term yields higher, says PIMCO

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?