RTX's Raytheon awarded $946 million contract to provide additional Patriot air defense systems to Romania
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 03 2025
0mins
Source: Newsfilter
Raytheon Contract Award: Raytheon, a business under RTX, has been awarded a $946 million contract to supply Romania with additional Patriot air and missile defense systems, marking the third order for the country.
Commitment to Security: The contract aims to enhance Romania's integrated air and missile defense capabilities, reflecting the nation's commitment to collective security and stability in Europe.
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Analyst Views on RTX
Wall Street analysts forecast RTX stock price to rise
14 Analyst Rating
9 Buy
5 Hold
0 Sell
Moderate Buy
Current: 178.970
Low
168.00
Averages
195.77
High
215.00
Current: 178.970
Low
168.00
Averages
195.77
High
215.00
About RTX
RTX Corporation is an aerospace and defense company, which provides advanced systems and services for commercial, military, and government customers worldwide. The Company operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Collins Aerospace segment provides technologically advanced aerospace and defense products and aftermarket service solutions for civil and military aircraft manufacturers, commercial airlines, and regional, business and general aviation, as well as for defense and commercial space operations. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers. The Raytheon segment provides defensive and offensive threat detection, tracking and mitigation capabilities for the United States and foreign government and commercial customers. The Raytheon designs, develops, and provides advanced capabilities in integrated air and missile defense, smart weapons, missiles and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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