RTX Signs $38M Deal to Support Navy's AN/SPY-6(V) Family of Radars [Yahoo! Finance]
Lockheed Martin Corporation (LMT)
Last lockheed martin corporation earnings: 4/21 07:30 am
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Source: Yahoo! Finance
RTX Corporation's RTX business segment, Raytheon, recently secured a deal for sustainment material and support for the AN/SPY-6(V) Family of Radars. The deal has been provided by the Naval Sea Systems Command, Washington, D.C. Valued at $38 million, the contract is expected to be completed by May 2026. The work related to this contract will be executed in Andover, MA, Chesapeake, VA, and McKinney, TX. RTX's Proficiency in Producing Superior Radars With the rapid rise of geopolitical tensions in recent years, governments worldwide have increased their military arsenals. As radars constitute a crucial component of this arsenal, rising defense spending has resulted in an increase 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 vast range of advanced radar systems for various applications, including air defense, missile defense, maritime su
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LMT
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