- Boeing Co BA has selected Collins Aerospace, a Raytheon Technologies Corp RTX company, to upgrade the B-52 bomber with a new electric power generation system (EPGS). The financial terms were not disclosed.
- Collins will supply a modern EPGS derived from commercial technology to upgrade the B-52's current 70-year-old system, with more efficient technology that requires less power from the engine to operate.
- Collins has also been selected to provide new wheels and carbon brakes for the B-52.
- Collins expects to create more than 60 jobs to support the B-52 EPGS program at its Electric Power Systems Center of Excellence in Rockford, Illinois.
- Price Action: BA shares are trading higher by 3.18% at $215.96 and RTX higher by 0.89% at $90.53 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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