RTX's Arm Wins a $1B Contract to Aid Standard Missile-3 Program

RTX Corporation’s (RTX) unit, Raytheon, recently secured a $1 billion contract involving the Standard Missile-3 (SM-3) Block missile. Work related to this contract will be performed in Tucson, AZ, and Huntsville, AL.Details of RTX’s DealPer the terms of this deal, RTX will procure and deliver up to 55 SM-3 Block IB All-Up Rounds that are manufactured, assembled and tested in accordance with the SM-3 Block IB specifications. This contract is projected to be completed by March 31, 2031.The award has been prov ...