Raytheon Technologies Awarded $176.98M Contract for High Frequency Global Communications System
September 1, 2022
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Raytheon Technologies Intrinsic Value –
Raytheon Technologies($NYSE:RTX) has been awarded a $176.98M contract for the High Frequency Global Communications System – Scope Command Next Generation. This contract will support the ground radio equipment and network infrastructure, as well as associated antenna subsystems, in support of strategic military command and control communications. It is unclear how this will affect Raytheon Technologies’ market and earnings in the long term, but it is certainly a positive development for the company. This contract underscores the importance of the company’s products and services in supporting critical military communications. In the short term, this should provide a boost to the company’s revenue and earnings.
On Tuesday, Raytheon Technologies stock opened at $92.4 and closed at $90.8. The system is used for voice, data and video communications for the Department of Defense, federal agencies and international partners.
VI Analysis – Raytheon Technologies Intrinsic Value
The company’s fundamentals reflect its long-term potential, and the fair value of its shares is around $73.4, according to the VI Line.
However, the stock is currently traded at $90.8, which represents a 24% overvaluation.
The system is used by the US military for secure communications. Raytheon will provide support for the system, which includes maintenance and upgrades. This contract will help to ensure that the US military has access to secure communications, and that Raytheon can continue to provide support for the system.
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