RTX Secures $1.2B Contract for Patriot Missile Defense Systems
Raytheon Technologies(RTX) ZACKS·2024-07-12 22:31
RTX Corporation’s (RTX) business segment, Raytheon, recently won a $1.2 billion contract for delivering its Patriot air and missile defense systems to Germany. The successful delivery of the aforementioned missile system should improve revenue growth for RTX in the future years.Per the terms of the agreement, RTX will offer the most current Patriot Configuration 3+ radars, launchers, command and control stations, associated spares and support to the German government.Significance of the Patriot SystemPatrio ...