RTX Corp Stock Price, News & Analysis

RTX's Raytheon business has secured a $646 million contract to continue production of AN/SPY-6(V) radars for the U.S. Navy. This represents the fourth option exercised from a March 2022 contract valued at up to $3 billion over five years. The contract includes the delivery of four additional radars, bringing the total procurement to 42 units. The SPY-6 radar system, produced at Raytheon's 30,000-square foot Radar Development Facility in Andover, Massachusetts, provides enhanced detection capabilities for the Navy. The work under this contract will continue through 2028 at the Andover facility, which is recognized as one of the world's most advanced radar production sites.

RTX and Northrop Grumman successfully completed four tests of flight-ready Highly Loaded Grain (HLG) solid rocket motors for the U.S. Army's Next-Generation Short-Range Interceptor (NGSRI). The HLG technology provides longer burn time and greater energy output than conventional solid rocket motors, extending the interceptor's range. The tests included three static firings and a ballistic flight demonstration, with more tests planned. The NGSRI development progressed from concept to first flight in under six months, showcasing rapid development capabilities. The interceptor can be launched from multiple platforms including tripods, vehicles, or shoulder launchers, offering superior performance against aerial threats compared to existing systems. Raytheon's design incorporates over 60 years of air defense experience and uses modular design and automated manufacturing for faster production.

RTX's Raytheon has secured its largest-ever production contract for the AIM-9X Block II missile program, valued at $1.1 billion from the U.S. Navy. The contract will boost production capacity to 2,500 missiles annually. The AIM-9X is an advanced infrared-tracking missile system with both air-to-air and surface-to-air capabilities, proven effective in multiple combat theaters worldwide. The system is compatible with various modern aircraft and can be integrated with ground-launched platforms, including the National Advanced Surface-to-Air Missile System (NASAMS). Currently utilized by over 30 allied nations, the joint U.S. Navy and Air Force program continues to attract international interest.

RTX's Raytheon business has secured a significant $536 million contract from the U.S. Navy for the SPY-6 family of radars. This follow-on contract includes upgrading Flight IIA destroyers with the SPY-6(V)4 variant and provides continued integration and production support. The scope encompasses training, engineering services, ship installation, integration, testing, and software upgrades to enhance radar capabilities. Currently installed on two Navy ships with three more installations in progress for 2025, the SPY-6 radar system is projected to be deployed on over 60 U.S. Navy ships within the next decade. The contract work is scheduled for completion by May 2026.

Wizz Air has received its first Airbus A321XLR aircraft equipped with RTX's Pratt & Whitney GTF™ engines, becoming the first operator of this GTF-powered aircraft model. The airline has ordered a total of 47 GTF-powered A321XLR aircraft and currently operates a fleet of 110 A321neo family aircraft with GTF engines and 67 A320ceo family aircraft with IAE V2500® engines.

The GTF Advantage engine, recently certified by the FAA for the A320neo family, is specifically optimized for the A321XLR with enhanced take-off thrust capability. Globally, 13 customers have selected GTF engines for over 200 A321XLR aircraft, with more than 2,200 GTF-powered aircraft delivered to over 80 customers worldwide.

RTX (NYSE: RTX) subsidiary Raytheon has delivered its 13th AN/TPY-2 radar to the U.S. Missile Defense Agency, featuring significant technological upgrades. This latest version is the first to incorporate a complete Gallium Nitride (GaN) populated array, which enhances range and surveillance capabilities while supporting hypersonic defense missions.

The radar system includes advanced CX6 high-performance computing software for improved target discrimination and electronic attack protection. Operating in the X-band electromagnetic spectrum, the AN/TPY-2 can effectively distinguish between threats and non-threats, such as separation debris, while detecting and tracking ballistic missiles across multiple flight phases.

Raytheon, an RTX business, and German partner RAM-Systems GmbH have achieved a significant milestone with the delivery of their 250th RAM MK49 Guided-Missile Launching System (GMLS) to the U.S. Navy. The system will be installed on the USS Pittsburgh, a San Antonio-class amphibious transport dock.

The RAM (Rolling Airframe Missile) program, approaching its 50th anniversary, represents a bilateral partnership between the U.S. and Germany. The system protects naval assets from advanced threats, serving vessels ranging from 220-foot corvettes to 1,100-foot nuclear-powered aircraft carriers. Beyond the U.S. and Germany, RAM has been adopted by multiple nations including Egypt, Japan, Korea, and others.

Raytheon has recently doubled its GMLS manufacturing capacity to meet growing global demand, while continuing to invest in system modernization and capability enhancements.

RTX (NYSE: RTX) subsidiary Raytheon has secured a $580 million follow-on production contract from the U.S. Navy for the Next Generation Jammer Mid-Band (NGJ-MB) system. The contract includes production of additional NGJ-MB pod shipsets for both the U.S. Navy and Royal Australian Air Force, along with spares and support equipment.

The NGJ-MB is an airborne electronic attack system featuring two pods with active electronically scanned arrays operating in mid-band frequency. Deployed on EA-18G Growler aircraft, it targets advanced radar threats, communications, data links, and non-traditional RF threats. The contract work will be executed across multiple U.S. locations through 2028.

RTX, Tawazun Council, and Emirates Global Aluminium (EGA) have signed a memorandum of understanding to establish gallium production capabilities in Abu Dhabi. The initiative would make the UAE the world's second-largest gallium producer, with production facilities at EGA's Al Taweelah alumina refinery. Gallium, a critical mineral found in trace amounts in bauxite, is essential for semiconductors, defense products, electric vehicles, medical devices, and telecom infrastructure.

The agreement includes plans for a feasibility study for a high-purity gallium plant. This strategic partnership aims to secure a reliable supply of gallium for RTX's aerospace and defense solutions while creating an additional revenue stream for EGA and advancing the UAE's industrial growth strategy Operation 300bn.