Market drag outweighs Navy deal
RTX is slipping moderately along with a broad S&P 500 sell-off, though a fresh Navy radar contract win is cushioning the drop relative to the index.
Sources: https://seekingalpha.com/news/rtx-wins-5115m-navy-contract-boost-for-spy-6-radar-hardware?feed_item_type=news, https://news.futunn.com/en/post/1000467981/rtx-s-raytheon-awarded-511-5-million-navy-radar
Sources
Ezbrisk weighs each event against the market reaction and publishes a verdict with an overreaction reading. How the methodology works