Rtx Adds $24.4 Billion SM-6 Contract To Recent Missile Award Run
Benzinga
RTX Corporation's Raytheon business has secured a significant $24.4 billion contract for the production of Standard Missile-6 interceptors, building on a series of recent large missile awards including AMRAAM and Tomahawk contracts. Despite these wins, RTX shares are currently oversold, trading below major moving averages, with a moderate outlook on momentum and growth but strong quality. Analysts maintain a "Buy" consensus, expecting increased EPS and revenue in the upcoming earnings report.
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