RTX Signs $38M Deal to Support Navy's AN/SPY-6(V) Family of Radars

Zacks12-20 20:49

RTX Corporation’s RTX business segment, Raytheon, recently secured a deal for sustainment material and support for the AN/SPY-6(V) Family of Radars. The deal has been provided by the Naval Sea Systems...

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The deal has been provided by the Naval Sea Systems...</p>\n\n<a href=\"https://finance.yahoo.com/news/rtx-signs-38m-deal-support-124900153.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://finance.yahoo.com/news/rtx-signs-38m-deal-support-124900153.html","article_id":"2492441220","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/bjzx.pF88cqG.MSY7xwJVg--~B/aD0zNDk7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b33b643daa22dab7c78128f2ff6ab3af"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492441220","pubTimestamp":1734698940,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"RTX Corporation’s RTX business segment, Raytheon, recently secured a deal for sustainment material and support for the AN/SPY-6 Family of Radars. The deal has been provided by the Naval Sea Systems Command, Washington, D.C.Valued at $38 million, the contract is expected to be completed by May 2026. The work related to this contract will be executed in Andover, MA, Chesapeake, VA, and McKinney, TX.Some other defense contractors, which are also major radar producers, are projected to gain from the expanding global military radar industry. Those companies have been discussed below.Lockheed Martin LMT: The company’s radars are the choice of more than 45 nations across six continents. Its product portfolio consists of varied radars, such as missile defense radars, ballistic missile radars and surveillance radars like TPY-4, the AN/APY-9 Radar, the AN/TPQ-53 Radar System, SPY-7, TPS-77 and Sentinel A4.LMT has a long-term  earnings growth rate of 4.6%. The Zacks Consensus Estimate for the com","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1046421795.USD":"富达环球科技A-ACC","BK4227":"交易和支付处理服务","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU2764263203.CNY":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (CNYHDG) ACC","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU1236620750.USD":"HSBC GIF GLOBAL SUSTAINABLE LONG TERM DIVIDEND \"AM2\" (USD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","RTX":"雷神技术公司","V":"Visa","LU0109392836.USD":"富兰克林科技股A","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU1121112475.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USDHDG) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","LU2764262908.HKD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (HKD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0426412945.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) ACC","LU0426417589.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0965508806.USD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (USD) INC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","SG9999001424.SGD":"United E-Commerce Fund SGD","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU0971096721.USD":"富达环球金融服务 A","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LHX":"哈里斯公司","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LMT":"洛克希德马丁","LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" (EUR) ACC","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","BK4106":"数据处理与外包服务","NOC":"诺斯罗普格鲁曼","SPY":"标普500ETF","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC"},"translate_title":"RTX签署3800万美元协议支持海军AN/SPY-6(V)系列雷达","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"V":1,"SPY":1,"LHX":1,"LMT":1,"RTX":1,"NOC":1},"content_text":"RTX Corporation’s RTX business segment, Raytheon, recently secured a deal for sustainment material and support for the AN/SPY-6(V) Family of Radars. The deal has been provided by the Naval Sea Systems Command, Washington, D.C.Valued at $38 million, the contract is expected to be completed by May 2026. The work related to this contract will be executed in Andover, MA, Chesapeake, VA, and McKinney, TX.\nRTX's Proficiency in Producing Superior Radars \nWith the rapid rise of geopolitical tensions in recent years, governments worldwide have increased their military arsenals. As radars constitute a crucial component of this arsenal, rising defense spending has resulted in an increase in demand for combat-proven radars.This must have been ushering in a solid order flow for radar manufacturing companies like RTX, whose extensive expertise in radar technology applies to a vast range of advanced radar systems for various applications, including air defense, missile defense, maritime surveillance and a few more. The latest contract win is a bright example of that.The company’s SPY-6 radar family can protect against ballistic missiles, cruise missiles, hostile aircraft and surface ships at the same time. They offer various advantages over conventional radars, including a much longer detection range, higher sensitivity and more accurate discriminating. Their scalable and modular radar arrays decrease costs and maintenance requirements while addressing the mission requirements of seven classes of ships.\nRTX’s Growth Opportunities \nAdvanced radar systems, which boast features of next-generation technology-based warfare capabilities, have been gaining momentum due to radars' growing importance in military surveillance.This must have prompted the Mordor Intelligence firm to project a CAGR of 5.2% for the military radar market in the 2024-2029 period. Such growth projections bode well for prominent radar manufacturers like RTX.RTX’s product portfolio consists of varied radars, such as AN/TPY-2, APG-63(V)3, APG-79 and APG-82(V)1, GhostEye MR and a few more, which enjoy solid demand in the global military radar market.\nOpportunities for Other Defense Companies \nSome other defense contractors, which are also major radar producers, are projected to gain from the expanding global military radar industry. Those companies have been discussed below.Lockheed Martin LMT: The company’s radars are the choice of more than 45 nations across six continents. Its product portfolio consists of varied radars, such as missile defense radars, ballistic missile radars and surveillance radars like TPY-4, the AN/APY-9 Radar, the AN/TPQ-53 Radar System, SPY-7, TPS-77 and Sentinel A4.LMT has a long-term (three to five years) earnings growth rate of 4.6%. The Zacks Consensus Estimate for the company’s 2024 sales indicates year-over-year growth of 5.5%.Northrop Grumman NOC: The company has been at the forefront of Active Electronically Scanned Array (“AESA”) innovations for more than 60 years and is a pioneer in AESA radars. Its diverse product portfolio also includes a handful of other radars, such as the AN/ZPY-5 VADER, AN/TPS-80 G/ATOR, AN/TPS-78 and HAMMR.Northrop has a long-term earnings growth rate of 19.1%. The Zacks Consensus Estimate for the company’s 2024 sales calls for year-over-year growth of 5.3%.L3Harris Technologies LHX: The company is a renowned manufacturer of combat-proven radars. Its product portfolio includes the SPS-48 land-based surveillance radar, the AN/APY-11 Multimode radar, the Tactical Air Surveillance radar, the AN/SPS-48G(V)1 long-range 3D surveillance radar and many more.  L3Harris has a long-term earnings growth rate of 9.2%. The Zacks Consensus Estimate for LHX’s 2024 sales implies an improvement of 9.7% from the prior-year figure.\nRTX Stock Price Movement \nIn the past six months, shares of RTX have risen 9.3% against the industry’s decline of 5.3%.\nImage Source: Zacks Investment Research\nRTX’s Zacks Rank \nRTX currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nLockheed Martin Corporation (LMT) : Free Stock Analysis Report\nNorthrop Grumman Corporation (NOC) : Free Stock Analysis Report\nL3Harris Technologies Inc (LHX) : Free Stock Analysis Report\nRTX Corporation (RTX) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492441220"}