RTX Secures a Contract to Aid Its Dual Band Radar Systems Program [Yahoo! Finance]
Lockheed Martin Corporation (LMT)
Last lockheed martin corporation earnings: 4/21 07:30 am
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Source: Yahoo! Finance
The contract, valued at $93.9 million, is expected to be completed by September 2026. Per the terms of the deal, RTX will provide technical engineering follow-on requirements and spares to support the DBR systems installed aboard CVN78 and DDG1000 class ships. A major portion of the work related to this deal will be carried out in Tewksbury and Marlborough, MA. With the rapid rise of geopolitical tensions in recent years, governments worldwide have dramatically increased their military arsenals. As radars constitute a crucial component of this arsenal, rising defense spending has resulted in an escalation in demand for combat-proven radars. This must have been ushering in a solid order flow for radar manufacturing companies like RTX, whose extensive expertise in radar technology applies to a wide range of advanced radar systems for various applications, including air defense, missile defense, maritime surveillance and a few more. The latest contract win is a bright example of t
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LMT
Earnings
- 10/22/24 - Beat
LMT
Sec Filings
- 11/13/24 - Form 8-K
- 10/28/24 - Form 4
- 10/22/24 - Form 10-Q
- LMT's page on the SEC website