WASHINGTON (dpa-AFX) - RTX Corp. (RTX), Thursday announced that the company has secured a follow-on production contract for the Next Generation Jammer Mid-Band system from the U.S. Navy.
Under the $590 million contract, the company has to deliver shipsets, support equipment, spares and non-recurring engineering support.
The contract is expected to complete through 2028.
Currently, RTX's stock is trading at $118.64, down 0.47 percent on the New York Stock Exchange.
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