RTX secures $24.4 billion SM-6 contract as tech stocks lift Nasdaq

  • RTX secured a potential $24.4 billion contract for Standard Missile-6 interceptors.
  • $24.4 billion covers five years plus two additional option years.
  • Integra, Trilogy Metals, Phillips Edison and Axogen also reported company developments.

Big technology shares pushed the Nasdaq Composite to a 0.44% weekly gain, while the Dow Jones Industrial Average fell 1.42%, the S&P 500 declined 0.31% and the Russell 2000 slipped 0.13% as the quarter turned over. RTX secured a five-year contract with two additional option years worth up to $24.4 billion for Standard Missile-6 interceptors for the U.S. Navy. Integra LifeSciences lowered its full-year 2026 revenue and adjusted EPS outlook after flooding at its Cincinnati facility. Trilogy Metals reported a $31.2 million cash balance and a $35.6 million strategic equity investment from the Department of War. Phillips Edison raised its gross acquisitions guidance to $600 million-$700 million, while Axogen completed its BioCircuit Technologies acquisition and expects additional revenue from NerveTape. Market conditions included a VIX (volatility index) close of 15.58, WTI crude at $90.57 a barrel, gold at $4,166.60 an ounce and the 10-year Treasury yield at 5.26%.

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