What is the value of RTX's new contract?

The contract is worth $1.10 billion from the U.S. Navy for AIM-9X Block II missiles.

What is RTX's quarterly dividend?

The dividend is $0.73 per share, payable in early September 2026.

Why was RTX removed from the Russell 1000 Dynamic Index?

The company did not disclose the reason; it may be due to index methodology changes or stock performance.

What is RTX's backlog?

RTX's backlog reached a record level, supporting a stronger operational outlook.

RTX Wins $1.1B Missile Deal, Affirms Dividend, Removed from Index

RTX announced a $1.1 billion U.S. Navy contract for AIM-9X Block II missiles, affirmed a quarterly dividend of $0.73 per share, and was removed from the Russell 1000 Dynamic Index. The news comes amid strong defense demand.

RTX Corporation (NYSE: RTX) announced that its Raytheon business won a $1.10 billion U.S. Navy contract for AIM-9X Block II missiles. The board also affirmed a quarterly dividend of $0.73 per share, payable in early September 2026. Separately, the company was removed from the Russell 1000 Dynamic Index.

Contract Details

The contract covers production and delivery of AIM-9X Block II air-to-air and air-to-ground missiles. Delivery timeline details were not disclosed.

Dividend

RTX's board confirmed a quarterly dividend of $0.73 per share, maintaining its shareholder return policy. The ex-dividend date has not been announced.

Index Removal

RTX was removed from the Russell 1000 Dynamic Index, which focuses on dynamic growth companies. The company did not comment on the reason, which may reflect index methodology changes or stock performance.

Broader Context

The new contract adds to RTX's record backlog, which analysts highlight as a driver of stronger operational outlook. Defense demand for advanced missile systems remains robust.

What It Means for Investors

The news mix includes positive developments (large contract, dividend affirmation) and a neutral one (index removal). Investors should focus on RTX's ability to convert backlog into revenue and monitor any updates regarding the index removal.