RTX (RTX) signs USD 3.7bln contract to supply Patriot missiles to Ukraine

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RTX (RTX) signs USD 3.7bln contract to supply Patriot missiles to Ukraine

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Context

RTX securing a substantial USD 3.7 billion contract to supply Patriot missiles to Ukraine indicates an escalation in U.S. military support for Ukraine amidst ongoing tensions. This move could bolster defense stocks and may trigger reactions in relevant currencies and commodity markets, particularly if it signals a sustained commitment to defense spending.

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