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RTX Corporation (NYSE: RTX) Trades At Premium Valuation As Radar Milestone Strengthens Defense Backlog Over Lockheed Martin (NYSE: LMT)

RTX Corporation (NYSE: RTX) reached a significant program milestone on August 3, when its Raytheon business completed installation of the first SPY-6(V)4 radar array at a Navy test site on Wallops Island, Virginia. The installation establishes an integration framework ahead of a planned retrofit on the USS Pinckney (DDG 91), marking the opening phase of a broader naval modernization effort across aging destroyer fleets. SPY-6 variants are curren…
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foreignpolicyjournal.com broke the news on Friday, August 7, 2026.
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