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RTX wins $8 billion contract from US Air Force related to nuclear weapons

The Motley Fool +1 · ·by G4L

RTX RTX Corp
$196.31 +3.58%
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  1. 1The US Air Force awarded RTX a sole-source contract to reactivate strategic communication terminals for the modernized Air Force Nuclear Weapons Center.
  2. 2The $8 billion contract will be paid over 10 years and will be completed in October 2036.
  3. 3An initial contract amount of $800,000 will be paid first.

So what's the key point?

RTX won a large contract from the US Air Force to build communication equipment related to nuclear weapons. The $8 billion project will be paid out in installments over 10 years.

Source The Motley Fool +1 · View original ↗

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