Latest news with #RTXCorp.
Bloomberg
02-05-2025
- Business
- Bloomberg
US Approves $3.5 Billion Weapons Sale to Saudi Arabia
The US approved the sale of weapons worth an estimated $3.5 billion to Saudi Arabia ahead of a planned visit by President Donald Trump to the Gulf kingdom this month, as Washington seeks to strengthen ties with a key partner and ratchet up pressure against Iran. The State Department said it has notified Congress of the possible sale of 1,000 AIM-120C-8 advanced medium-range air-to-air missiles to Saudi Arabia and 50 guidance sections, as well as logistics and program support. Arizona-based RTX Corp. is the principal contractor.
Bloomberg
12-02-2025
- Business
- Bloomberg
RTX Still Struggling to Deliver Navy's Top Missile Interceptor, Pentagon Contract Agency Says
RTX Corp. is still struggling to produce the US Navy's top air-defense missile, needed to counter a Chinese weapon known as its 'aircraft carrier killer,' the Pentagon's contract management agency says. 'Supplier challenges still hamper deliveries' of the Standard Missile-6 under a contract that's now expected to be completed a year late, the Defense Contract Management Agency said in a statement to Bloomberg News. Contract performance 'has been poor versus expectations,' it said.
