RTX's 8.72 Billion Trading Volume Ranks 99th Amid $646 Million Navy Contract Boost

On June 10, 2025, RTX's trading volume reached 8.72 billion, ranking 99th in the day's stock market. RTX's stock price fell by 1.74%.

Raytheon, a subsidiary of RTX, has secured a significant contract worth $646 million to continue the production of AN/SPY-6(V) radars for the U.S. Navy. This contract modification is aimed at sustaining the hardware production and maintenance of the SPY-6 family of radars, which are crucial for the Navy's advanced radar systems. The contract includes the delivery of four additional SPY-6 radars, further solidifying RTX's position as a key supplier to the U.S. military.

This substantial contract is expected to have a positive impact on RTX's financial performance, as it ensures a steady stream of revenue from the defense sector. The U.S. Navy's continued reliance on RTX's technology underscores the company's expertise and reliability in producing high-quality radar systems. Investors are likely to view this development favorably, as it demonstrates RTX's ability to secure long-term contracts and maintain its market leadership in the defense industry.