RTX Corporation has been awarded a contract worth approximately $104.1 million by the Naval Sea Systems Command for technical and design support of the Evolved SeaSparrow Missile (ESSM) and NATO SeaSparrow Missile Systems. The contract’s completion date is set for December 31, 2026, with a significant portion of the work being conducted in Tucson, AZ, and Portsmouth, RI.
This contract will support both the U.S. Navy and several allied nations, marking a key growth opportunity for RTX as the global demand for advanced missile systems continues to rise. The global missile market is projected to grow at a CAGR of 4.97% from 2025 to 2030, indicating a strong focus on defense capabilities in response to increasing regional conflicts.
