RTX Corp. (NYSE:RTX) shares are trading higher during Tuesday’s session.
Pratt & Whitney, a unit of RTX, said Tuesday it secured a $3.8 billion contract modification for lots 18–19 of the F135 engine, bringing the total contract value to $6.6 billion.
The deal supports production for F-35 fighter jets and includes engines, spares and support services. The company is ramping up output to meet rising global demand, backed by more than $1 billion in recent manufacturing investments.
F135 production has increased 20%, with over 1,400 engines delivered to date, supporting 20 allied nations.
Technical Analysis
Currently, the stock is trading 5.1% below its 20-day simple moving average (SMA) and is 0.5% above its 100-day SMA, demonstrating some short-term weakness but longer-term strength.
Over the past 12 months, shares have increased …
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