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NSPA awards RTX additional contract for optical day sights

1. Raytheon awarded multi-million contract by Danish Defence. It boosts RTX's revenue potential. 2. ELCAN Specter DR sight delivers dual optical magnification. It replaces the older C79 model. 3. NATO allies gain enhanced battlefield efficiency with advanced optics. It strengthens RTX’s credibility. 4. Contract finalized via NATO Support Procurement. It further validates product reliability.

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FAQ

Why Bullish?

The awarded contract is a significant revenue enhancer that follows a history of positive market reactions to new defense deals, similar to previous RTX wins that boosted investor confidence.

How important is it?

This multi-million-dollar contract enhances RTX's optics segment and competitive positioning, making it a material development with promising future revenue implications.

Why Long Term?

The contract bolsters RTX's strategic defense portfolio and recurring revenue potential, supporting long-term growth through sustained military and international partnerships.

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ELCAN Specter DR dual role sight enhances optical capabilities for NATO allies NUREMBERG, Germany, Feb. 24, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business was awarded an additional multi-million-dollar contract by the Danish Defence Armed Forces for ELCAN Specter DR dual role sights. The NATO Support Procurement Support Agency (NSPA) is the contracting authority. The ELCAN Specter DR sight is a direct-view optic that provides close quarters and precision capability in a single sight. The Specter DR sight switches instantly between magnifications, providing the user with "both eyes open" target acquisition while boresight, eye relief and sight picture remain constant. "The Specter DR dual role sight is battle-proven, enabling soldiers to be more effective on the battlefield," said Mike Lewis, director and general manager at Raytheon ELCAN. "Raytheon ELCAN continues to work with our customers across NATO to deliver rugged, reliable optics that give our allies a competitive advantage when it matters most." The ELCAN Specter DR optical day sights will replace the ELCAN C79 fixed 3.4x sights. About Raytheon ELCANRaytheon ELCAN is a Canadian technology leader in the global optics industry, specializing in technologically sophisticated and superior-quality optical solutions that meet strict military and commercial specifications. Raytheon ELCAN offers superior design and engineering capabilities, proprietary production technologies and fully integrated manufacturing to provide custom, turn-key solutions. Raytheon ELCAN Specter rifle sights are recognized by military marksmen as being the easiest, most accurate small arms targeting systems and are preferred for their operational simplicity, rugged performance and high precision optics. For more information about Raytheon ELCAN, visit www.rtx.com/ELCAN About RTXRTX is the world's largest aerospace and defense company. With more than 185,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney and Raytheon – we are advancing aviation, engineering integrated defense systems for operational success, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2024 sales of more than $80 billion, is headquartered in Arlington, Virginia. For questions or to schedule an interview, please contact [email protected] SOURCE RTX

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