RTX has won a Navy-funded support contract valued at $104.1 million to provide engineering, sustainment, and supply management for the Evolved SeaSparrow Missile (ESSM) through 2026. The award covers technical services for allied navies in Europe and the Indo-Pacific region, reflecting strong ongoing demand for ESSM’s proven ship-self defense capabilities. Under the multi-year deal, RTX will deliver depot-level maintenance, parts provisioning and performance upgrades, leveraging its global logistics network to ensure readiness across ten partner navies. This contract follows a 15% year-over-year increase in service orders for ESSM systems, reinforcing RTX’s leadership in the naval missile support market.

Several institutional investors have expanded their positions in RTX over the past two quarters. Everpar Advisors more than doubled its stake, adding 7,131 shares to reach 14,197 shares worth $2.38 million, making RTX its 19th largest holding. State Street Corporation increased its position by 0.5% to 112.7 million shares valued at $16.46 billion. The State Board of Administration of the Florida Retirement System added 16,034 shares for a total of 1.32 million shares, while MGO One Seven LLC boosted its stake by 10.2% to 27,620 shares. Bank Julius Baer & Co. expanded its holding by over 28,000% to 11,926 shares, and Armstrong Fleming & Moore initiated a new position of 2,500 shares. Collectively, institutional investors now own more than 86% of the company’s outstanding shares, underscoring confidence in RTX’s aerospace and defense portfolio.