RTX's Raytheon wins Spain's largest Patriot deal worth $1.7 bn

RTX said its Raytheon unit won a $1.7 billion contract to supply Spain with four Patriot air and missile defense systems, the country’s largest-ever order. The deal includes radars, launchers, command-and-control stations, and training, with Spanish firms involved in production. RTX shares rose about 1% following the announcement.