RTX Lands $529M Contract To Bolster Dutch Missile Defense: Details

RTX Corporation RTX shares are largely flat on Thursday, following the announcement of a $529 million contract to supply the Netherlands with a Patriot air and missile defense system.

The contract will provide the country with a complete fire unit, including radar, launchers, command and control stations, and other support equipment.

This order comes as part of the Netherlands’ efforts to replenish a Patriot unit donated to Ukraine.

“Raytheon is committed to partnering with the Dutch as they continue to advance their integrated air and missile defense capabilities,” said Pete Bata, senior vice president of Global Patriot at Raytheon.

“The Netherlands’ investment in Patriot ensures collective security and deterrence across Europe,” Bata adds.

Also Read: Netanyahu Postpones Ceasefire Vote, Raising Questions About Gaza Truce Prospects

Patriot systems are considered the world’s most advanced and proven air defense solution, capable of defending against a wide range of aerial threats, including long-range cruise missiles and tactical ballistic missiles.

Meanwhile, analyst Seth M. Seifman has reaffirmed RTX as a top pick for 2025.

He sees the company’s growth potential and margin expansion across its business segments.

With an optimistic outlook on free cash flow, Seifman remains bullish on RTX’s long-term prospects, favoring it over competitors in the aerospace and defense industry.

According to Benzinga Pro, RTX stock has gained over 40% in the past year. Investors can gain exposure to the stock via iShares U.S. Aerospace & Defense ETF ITA.

Price Action: RTX shares are trading higher by 0.539% to $119.72 at last check Thursday.

Read Next:

• Biden’s Farewell Address Targets Tech Oligarchy In Trump 2.0 Era: President Says Americans Face ‘Avalanche Of Misinformation’