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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
RTX Corporation secured a $1.11 billion contract modification from the U.S. Department of Defense for the production and delivery of AIM-9X Sidewinder missiles, the company announced. The award covers continued manufacturing of the infrared-guided air-to-air missiles for the U.S. Air Force and Navy, bolstering RTX's tactical missile portfolio.
The contract comes amid a sustained rise in U.S. defense spending, with the DoD placing large orders for guided weapons. The AIM-9X is one of the most widely used air-to-air missiles globally, and RTX is a lead supplier. According to market data, RTX's missiles and defense segment generates billions in annual revenue.
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Sign InRTX stock closed at $185.60 (close June 18, 2026), with an intraday range of $184.42 to $194.17. The new contract may provide near-term support for the stock, especially as investors await its impact on third-quarter results. The defense sector continues to benefit from rising military budgets.