RTX Stock Alert: What to Know as Raytheon Nabs $23 Billion Navy Contract
On August 17, Raytheon Technologies (RTX) shares surged as the company secured a massive $22.9 billion contract from the U.S. Navy. This seven-year agreement will boost Tomahawk cruise missile production, increasing annual output to over 1,000 missiles to meet growing global demand. Following the rally, RTX stock is now trading approximately 20% higher than its 2026 starting price.
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