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RTX's Collins Aerospace awarded Cooperative Engagement Capability Design Agent contract from U.S. Navy

1. Collins Aerospace secures a $904 million follow-on contract for Navy's CEC system. 2. RTX has been the sole CEC provider since 1985, ensuring ongoing revenue stability.

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FAQ

Why Bullish?

The contract increases future revenue, similar to prior defense contracts boosting RTX stock.

How important is it?

The significant contract amount and longevity are crucial for RTX’s financial outlook.

Why Long Term?

The contract spans five years, suggesting sustained revenue impact and strategic importance.

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RTXBALMT
Company to further advance critical warfighting capabilities CEDAR RAPIDS, Iowa , Jan. 29, 2025 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, was awarded a follow-on contract with a potential for up to $904 million over five years to continue development of the U.S. Navy's Cooperative Engagement Capability, a system that integrates sensors across surface, land, and air platforms to enable Integrated Fire Controls. RTX has been the sole provider of the Cooperative Engagement Capability (CEC) since 1985.

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