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Apex Trader Funding (ATF) - News

NASA Faces Setback As RTX's Collins Aerospace Backs Out Of Spacesuit Deal

Collins Aerospace, a subsidiary of RTX Corp (NYSE:RTX), is in discussions with the National Aeronautics and Space Administration, famously known as NASA, to withdraw from its contract to develop new spacesuits for the International Space Station (ISS). The move marks a setback for NASA as it grapples with its aging spacewalking suits. The contract, part of a $3.5 billion agreement awarded in 2022, aimed to create new spacesuits for the ISS and future lunar missions. Collins initially received $97 million for the ISS suit development. Reuters highlights that Collins’ involvement in the program has faced numerous challenges, leading to significant delays. The report adds, citing sources familiar with the matter, that discussions are underway ...