Boeing Picks Collins Aerospace Electric Power Generation System For B-52

• Boeing Co (NYSE:BA) has selected Collins Aerospace, a Raytheon Technologies Corp (NYSE:RTX) company, to upgrade the B-52 bomber with a new electric power generation system (EPGS). The financial terms were not disclosed.
• Collins will supply a modern EPGS derived from commercial technology to upgrade the B-52's current 70-year-old system, with more efficient technology that requires less power from the engine to operate.
• Collins has also been selected to provide new wheels and carbon brakes for the B-52.
• Collins expects to create more than 60 jobs to support the B-52 EPGS program at its Electric Power Systems Center of Excellence in Rockford, Illinois.
• Price Action: BA shares are trading higher by 3.18% at $215.96 and RTX higher by 0.89% at $90.53 on the last check Tuesday.