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RTX (NYSE:RTX) President of Raytheon (NYSE:RTN), Philip J. Jasper, sold 12,847 shares of company stock on August 4, 2025, for approximately $2.03 million. The shares were sold at prices ranging from $157.78 to $157.90, near the company’s 52-week high of $158.79. The aerospace and defense giant, currently valued at $209 billion, has seen its stock surge 36% year-to-date. InvestingPro analysis shows the stock trading at a P/E ratio of 34.
According to a Form 4 filing with the Securities and Exchange Commission, Jasper also disposed of 10,653 shares.
On the same day, Jasper exercised stock appreciation rights, acquiring 23,500 shares of RTX stock at $71.62 per share, for a total value of $1.68 million.
In other recent news, RTX Corp. has secured a substantial $50 billion umbrella contract from the Defense Logistics Agency. This 20-year contract, running through July 31, 2045, covers systems production, spare parts, and support services. Raytheon, a division of RTX, has also been awarded a $3.5 billion contract for the production of Advanced Medium Range Air-to-Air Missiles, covering production lots 39 and 40, including missiles and support activities. Additionally, Raytheon has received a $67.55 million contract modification for Evolved Seasparrow Missile Block 2 guided missile assemblies, with work distributed across international locations.
Furthermore, Raytheon has unveiled its latest Multispectral Targeting System variant, MTS-A HD, designed to enhance visual capabilities for naval helicopter operations. The company is collaborating with industry partners to accelerate production and reduce costs for this new system. Raytheon Missiles and Defense has also secured a $32.5 million contract to provide medium range intercept capability components for the U.S. Marine Corps. These recent developments reflect Raytheon’s ongoing engagements in defense and technology advancements.
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