RTX Corporation (RTX) Pipeline Receives $380.8 Million Boost Following $1.7B Spain Deal

RTX Corporation (NYSE:RTX) is one of the defense & aerospace stocks gaining from rising geopolitical spending. On January 21, RTX Corporation (NYSE:RTX) was awarded a $380.8 million contract for work on Tomahawk missiles. The contract from the US Department of War is a fixed-price incentive and firm-fixed-price modification, totaling $476.5 million.

The contract covers Lot Five and Lot Six Recertification and modernization of Tomahawk missiles, depot operations, and Tomahawk spares. RTX is to perform work under the contract across multiple sites and locations nationwide. The most significant portion is to be performed in Tucson, Arizona; Boulder, Colorado; and Pontiac, Michigan.

The $308.8 million award comes after RTX Corporation (NYSE:RTX) secured a $59 million adjustment to an earlier Standard Missiles contract. In addition, the company has secured a significant $1.7 billion contract to supply Spain with four Patriot Air and missile defense systems. The contract covers radars, launchers, and command-and-control stations.

On January 14, NASA’s Pandora mission launched aboard a Saturn‑200 minisatellite built by Blue Canyon Technologies, a subsidiary of RTX Corporation (NYSE:RTX). The mission underscores RTX’s growing role in space innovation, with Blue Canyon delivering its largest telescope payload to date and providing integration and post‑launch support. This marks the company’s 87th spacecraft in orbit, adding to more than 160 active orders, and highlights RTX’s broader strength as a global aerospace and defense leader with divisions including Collins Aerospace, Pratt & Whitney, and Raytheon.

RTX Corporation (NYSE:RTX) is a global aerospace and defense company that designs, manufactures, and services advanced systems, engines, and solutions for defense, commercial, and government customers. It focuses on connecting and protecting the world with innovations in areas like missiles, aircraft engines, sensors, cybersecurity, and space technology.

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Disclosure: None. This article is originally published at Insider Monkey.