U.S. Army awards RTX's Raytheon TOW contracts for $676 million
RTX Corporation (RTX)
Company Research
Source: PR Newswire
The TOW weapon system will be in service with the U.S. and allied forces beyond 2050TUCSON, Ariz., Oct. 23, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded $676 million to continue manufacturing the tube-launched, optically-tracked, wireless-guided TOW® weapon system for the U.S. Army. The two separate awards comprise an annual production contract for $430 million in fiscal year 2023 and an additional $246 million award in 2024."Our TOW production line is active, and we can manufacture up to 10,000 missiles annually," said Tom Laliberty, president of Land and Air Defense Systems at Raytheon. "This combat-proven effector is ready to meet current and future anti-tank guided missile requirements for the US Army, Marines Corps, and land forces across the globe."Raytheon continues to improve TOW's design with modernized fuzing and target detection. These upgrades were recently demonstrated in successful Fly-To-Buy lot acceptance tests of the latest TOW 2B variant of
Show less
Read more
Impact Snapshot
Event Time:
RTX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RTX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RTX alerts
High impacting RTX Corporation news events
Weekly update
A roundup of the hottest topics
RTX
News
- Signia Aerospace Completes Acquisition of Goodrich Hoist & Winch; Rebrands as Onboard Systems Hoist & Winch [Yahoo! Finance]Yahoo! Finance
- Deutsche Aircraft and RTX's Pratt & Whitney Canada collaborate to ensure 100% SAF readiness for the D328eco™, building on 40-year relationship and recent D328® Uplift test flights with synthetic fuel [Yahoo! Finance]Yahoo! Finance
- Is RTX Stock a Buy? [Yahoo! Finance]Yahoo! Finance
- The Navy's top ballistic missile interceptor comes with a heavy price tag, but the US can't afford to go to war without it [Business Insider]Business Insider
- Everfox Purchases Yakabod Inc to Enhance Governance for the Insider Risk Mission [Yahoo! Finance]Yahoo! Finance
RTX
Earnings
- 10/22/24 - Beat
RTX
Sec Filings
- 10/22/24 - Form 10-Q
- 10/22/24 - Form 8-K
- 10/16/24 - Form 8-K
- RTX's page on the SEC website