WASHINGTON (dpa-AFX) - RTX Corp. (RTX), Tuesday announced that its subsidiary Raytheon has secured a $192 million contract from the U.S. Navy to develop the Next Generation Jammer Mid-Band Expansion, an upgrade to the current Next Generation Jammer Mid-Band system.
The upgrade would extend the frequency range to counter additional threats as well as improve operational effectiveness.
Currently, RTX's stock is trading at $12.65, up 2.01 percent on the New York Stock Exchange.
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