RTX Wins $299.7M DoD Contract for Evolved SeaSparrow Missile Program

RTX Corporation (NYSE:RTX) ranks among the top stocks for an early retirement portfolio. On June 17, the US Department of Defense announced awarding RTX Corporation (NYSE:RTX) a $299.7 million contract modification for the Evolved SeaSparrow Missile Block 2 program.

According to the DoD statement, the test equipment, spares, and options for Guided Missile Assemblies will be funded through a firm-fixed-price amendment to a previously awarded contract.

RTX Wins $299.7M DoD Contract for Evolved SeaSparrow Missile Program

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The deal is primarily funded by $283.7 million of Navy weapons procurement funds for fiscal year 2025. $3.5 million will come through fiscal 2024 other customer funds, $5.4 million from fiscal 2024 Navy weapons procurement funds, and $7 million from fiscal 2025 other customer funds. the Department of Defense expects the work to be completed by 2030.

RTX Corporation (NYSE:RTX) offers services and technologies to government, military, and commercial customers. The company operates through three main divisions: Collins Aerospace, Pratt & Whitney, and Raytheon.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

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