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Will RTX Corporation receive additional contracts related to the torpedoes sale by mid-2025?
3
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Press releases from RTX Corporation or announcements from the U.S. Department of Defense
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U.S. Approves $78.5 Million Sale of 20 MK 54 MOD 0 Torpedoes to Saudi Arabia; RTX Corporation as Prime Contractor
Jan 3, 2025, 08:35 PM
The U.S. State Department has approved a potential Foreign Military Sale to Saudi Arabia, which includes 20 MK 54 MOD 0 Lightweight Torpedoes and associated equipment. The estimated cost of the deal is $78.5 million, with RTX Corporation designated as the prime contractor. This approval was confirmed by the Pentagon on January 3, 2025, highlighting ongoing military cooperation between the U.S. and Saudi Arabia. In a separate development, Egypt has received approval for a $4.7 billion upgrade of its Abrams main battle tanks, further indicating active military modernization efforts in the region.
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