RTX Secures $183.68 Million Contract for Patriot Program with UAE
RTX Corp has been awarded a $183.68 million contract for the Patriot Program with the UAE, enhancing its defense offerings. The contract includes hardware and services, with work to be completed by March 3, 2031.
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RTX Corp has secured a $183.68 million firm-fixed-price contract for the Patriot Program under Foreign Military Sales case AE-B-ZUW for the UAE. This contract involves procurement, installation, inspection, logistics support, and program management.
The work will occur in Tewksbury, Massachusetts, with completion expected by March 3, 2031. The Army Contracting Command oversees the contract, which is funded by fiscal year 2026 funds. RTX's financial metrics indicate strong performance, but caution is advised due to potential risks from geopolitical tensions and defense budget fluctuations.
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