Raytheon Technologies awarded $145.1M Tomahawk Modification

Raytheon Technologies (NYSE:RTX) has been awarded a ~$145.1M modification to previously issued fixed-price-incentive-firm-target, firm-fixed-price contract.The modification exercises an option for the production and delivery of 90 full rate production Lot 17 Block V Tactical Tomahawk (TACTOM) All Up Round Vertical Launch System missiles, including related hardware and services for the Navy.Work to be performed at multiple locations; and is expected to be completed in December 2023.

Source: Raytheon Technologies awarded ~$145.1M U.S. Navy contract modification (NYSE:RTX) | Seeking Alpha