RTX Clinches a $43M Deal to Support ESSM and NSMS Programs [Yahoo! Finance]
Lockheed Martin Corporation (LMT)
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Source: Yahoo! Finance
RTX Corporation's RTX business segment, Raytheon, recently secured a deal for engineering and technical services in support of the Evolved Seasparrow Missile (“ESSM”) and NATO Seasparrow Missile Systems programs. The deal has been provided by the Naval Sea Systems Command, Washington, D.C. Valued at nearly $43 million, the contract is expected to be completed by December 2025. A major portion of the work related to this deal will be carried out in Tucson, AZ. This contract will primarily serve the U.S. government (98%) and provide minor support to the governments of Japan (1%) and South Korea (less than 1%) under the Foreign Military Sales program. More About RTX's ESSM Missiles RTX's ESSM is a highly versatile naval defense system. Its enhanced capabilities provide superior performance in maritime warfare, offering nations the ability to defend their fleet more effectively. The ESSM program is developed by the U.S. Navy and 12 other allied nations of the NATO Seassparrow Conso
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