RTX (RTX) said Monday that its Raytheon unit has awarded MK72 solid rocket motor development contracts to Nammo and Northrop Grumman (NOC).
The companies will verify the necessary design and specifications and will complete a systems requirements review for further refinement and validation of design concepts, RTX said.
The initial phase work aims to demonstrate these suppliers' ability to execute the requirements and ramp-up production required to proceed with further development and qualification, RTX said.
Price: 113.60, Change: -3.85, Percent Change: -3.28
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.