RTX News & Events

A Morgan Stanley (MS) broker for U.S. Secretary of Defense Pete Hegseth tried to make a major investment in big defense names in the weeks leading up to the U.S.-Israeli attack on Iran, the Financial Times' Paul Murphy, Harriet Agnew, Joshua Franklin, and James Politi report, citing three people familiar with the matter. The broker reached out to BlackRock (BLK) in February about investing millions of dollars in the asset manager's Defense Industrials Active ETF shortly before the U.S. launched strikes in Iran, the authors say. The inquiry on behalf of Hegseth was flagged internally at BlackRock, the authors note, citing people familiar with the matter. The aforementioned ETF's largest holdings include RTX (RTX), Lockheed Martin (LMT), and Northrop Grumman (NOC), all of which count the U.S. government as their biggest customers, as well as Palantir (PLTR), according to FT.

RTX was awarded a $3.81B modification to a cost-plus-incentive-fee, fixed-price incentive undefinitized contract. This modification definitizes Lot 18 F135 propulsion system production, as well as provides for the production of F135 propulsion systems in support of lot 19 F-35 aircraft production for the Joint Strike Fighter program for the Air Force, Marine Corps, Navy, F-35 Cooperative Program Partners, and Foreign Military Sales customers. Work is expected to be completed in March 2028. This contract was not competed. Naval Air Systems Command is the contracting activity.

RTX was awarded a $773.5M noncompetitive contract modification to a previously awarded indefinite-delivery/indefinite-quantity radar development contract. The total ceiling value of this contract is increased from $1.47B to $2.25B and the ordering period is extended from Oct. 30, 2027, to Oct. 31, 2030. Under this modification, the contractor will provide research and development support for the Army Navy Transportable Radar Surveillance Control Model-2 Radar. The Missile Defense Agency is the contracting activity.

RTX was awarded a $193.2M noncompetitive, hybrid firm-fixed-price, cost-plus-fixed-fee and cost-plus-award-fee undefinitized contract action on modification to the previously awarded radar development contract task order. The value of this task order is increased from $145.93M to $339.13M. Under this modification, the contractor will provide spares replenishment and continuation of Army Navy Transportable Radar Surveillance Control Model-2 development support. The performance period is from March 27 through Oct. 31, 2030. The Missile Defense Agency is the contracting activity.