RTX - RTX Secures a $227M Contract to Support AIM-9X Missile Program | Benzinga
RTX Corp. (NYSE: RTX) recently clinched a contract involving its AIM-9X and AIM-9X Block II missiles. The award has been offered by the Naval Air Systems Command, Patuxent River, MD.
Details of the Deal
Valued at $227.4 million, the contract is expected to be completed by May 2029. Per the terms of the deal, RTX will provide depot-level repairs and other related services to support AIM-9X and AIM-9X Block II missile sustainment efforts.
These services include logistics support, sustainment engineering, software support, integration support, failure analysis, configuration management, technical data, diminishing manufacturing sources, material shortages management, training, field support, spare predictions, ordnance assessment, reliability, and management of government property.
Majority of the work related to this deal will be executed in Tucson, AZ.
What's Favoring RTX?
Nations are reinforcing their military capabilities to strengthen their defense structure in the growing threat environment. In this context, increased spending has been witnessed on missile capabilities, resulting in a significant order inflow for companies like RTX, which is a prominent missile maker in the United States with a strong international presence.
Notably, RTX's AIM-9X Sidewinder is the most advanced infrared-tracking, short-range, air-to-air and surface-to-air missile in the world. It is configured for easy installation in a range of modern aircraft, including Boeing's F-15, F/A-18 and E/A-18G and Lockheed's F-22 and F-35 fighters.
The ...