Boeing and RTX secure $21 B in missile contracts while Ondas adds $270 M in orders
Boeing received a seven‑year contract worth about $14.7 B from Lockheed Martin to boost PAC‑3 interceptor production. Raytheon (RTX) won a contract up to $6.3 B for Standard Missile‑3 Block IB interceptors. Ondas reported total orders exceeding $270 M, including a $56 M order for electronic safe‑and‑arm devices. Despite the wins, the three stocks have fallen over the past two weeks.
Why it matters
The contracts add multi‑billion‑dollar revenue pipelines for Boeing and RTX, but the recent share declines suggest the market has not yet priced in the upside. Citizens’ initiation of coverage on Ondas with an ‘Outperform’ rating and a $14 price target highlights analyst interest in the smaller player.
Key facts
- 1Boeing secured a seven‑year contract worth around $14.7 B for PAC‑3 interceptor components. stocktwits.com
- 2RTX won a contract up to $6.3 B to manufacture and maintain Standard Missile‑3 Block IB interceptors. stocktwits.com
- 3Ondas reported total orders since June 30 exceeding $270 M, including a $56 M order for electronic safe‑and‑arm devices. stocktwits.com
- 4Ondas shares fell 10.81% over the past two weeks. finance.yahoo.com
- 5Boeing shares fell 2.53% over the past two weeks. finance.yahoo.com
- 6RTX shares fell 1.78% over the past two weeks. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.