RTX secures SM-6 contract: RTX Corporation stock sits 16.69 percent below target
AD HOC NEWS
RTX Corporation secured a five-year SM-6 interceptor contract worth up to USD 24.4 billion, announced on October 1, 2026. This contract expands its defense backlog and supports the company's raised fiscal 2026 adjusted sales outlook of USD 95.00 billion to USD 96.00 billion. Despite a recent target cut by Sanford C. Bernstein, analysts remain constructive on RTX's valuation, with the stock currently trading at EUR 164.40.
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