RTX - RTX Secures a Contract to Aid Silent Knight Radar Systems | Benzinga
RTX Corp. (NYSE: RTX) recently secured a contract involving its Silent Knight radar systems. The award has been provided by the U.S. Special Operations Command, MacDill Air Force, FL.
Details of the Deal
Valued at $33.7 million, the contract has a ceiling amount of $293 million and is projected to be completed by Jun 14, 2030. Per the terms of the deal, RTX will provide sustainment, support, research, development and supplemental objectives related to the Silent Knight radar systems.
By offering these aids, RTX will support the U.S. Special Operations Command Program Executive Office-Fixed Wing, Special Operations Forces Acquisition, Technology, and Logistics-KF. Work related to this deal will be carried out in McKinney, TX.
RTX & Radars
With the rapid escalation of geopolitical tensions globally in recent times, nations across the globe have been significantly boosting their defense arsenal. Since radars constitute a vital part of this arsenal, escalation in defense spending has been boosting investments in radars as well.
To this end, it is imperative to mention that while radars have been in use since World War II for locating threats and targets, they are being used today for multiple purposes like ground surveillance, missile control, fire control, moving target indication, weapons location and vehicle search.
This must have been ushering in solid order flow for radar manufacturing companies like RTX in the form of contract wins like the ...