Washington, Aug. 2 -- The US Department of Defense said it had secured a USD 50-billion contract for a term of 20 years with American multinational aerospace and defense corporation RTX.
"RTX Corp., Arlington, Virginia, has been awarded a maximum USD 50,000,000,000 terms and conditions umbrella contract for RTX systems and end-item production, spare parts, services and other types of support. This umbrella is comprised of basic terms and conditions allowing for indefinite-delivery/indefinite-quantity and 'C' type subsumable contracts for negotiated pricing," the Pentagon said on Friday.
The contract is to be implemented both inside and outside of continental US.
"This is a 20-year contract with no option periods. Locations of performance...