10:55 AM EST, 12/05/2024 (MT Newswires) -- RTX (RTX) said Thursday its Raytheon business won a $590 million follow-on production contract from the US Navy for the Next Generation Jammer Mid-Band system, developed in collaboration with the Royal Australian Air Force.

Work will be carried out in multiple US locations through 2028, the company said.

RTX shares were down 0.6% in recent Thursday trading.

Price: 118.64, Change: -0.59, Percent Change: -0.49