STOCK TITAN

RTX Corporation - RTX STOCK NEWS

Welcome to our dedicated page for RTX Corporation news (Ticker: RTX), a resource for investors and traders seeking the latest updates and insights on RTX Corporation stock.

RTX Corporation (NYSE: RTX) is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. Formed from the merger of United Technologies and Raytheon, RTX is one of the largest aerospace and defense manufacturers globally, known for its diverse product offerings and significant market presence.

RTX operates through three primary segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Collins Aerospace provides a wide range of aerospace systems and components, playing a crucial role in commercial and military aviation. Pratt & Whitney is renowned for its advanced jet engines, serving both commercial and military sectors. Raytheon focuses on defense systems, offering expertise in missiles, missile defense, sensors, and communications technology.

In recent achievements, RTX has made significant strides in renewable energy. The company has inked an agreement with ENGIE North America to supply 100% renewable electricity to 12 Texas facilities, marking RTX's largest renewable energy procurement to date. This initiative supports RTX's goal of reducing greenhouse gas emissions, showcasing the company's commitment to sustainability.

Financially, RTX reported robust performance in the first quarter of 2024, with a 12% increase in sales and a record backlog of $202 billion. The company's focus on innovation and operational excellence has driven strong growth and profitability. RTX continues to invest in next-generation technologies, such as the development of advanced missile systems and space-based solutions.

RTX's recent news highlights its ongoing projects and strategic initiatives. For instance, Raytheon has expanded its Missile Integration Facility to support the Glide Phase Interceptor program. Additionally, RTX's Blue Canyon Technologies has launched CubeSats for NASA's PREFIRE mission, contributing to climate modeling and environmental monitoring.

With over 185,000 employees worldwide, RTX remains dedicated to pushing the boundaries of technology and science. The company is committed to addressing global challenges through its innovative solutions and industry-leading businesses.

Rhea-AI Summary

Cebu Pacific (CEB) has signed a memorandum of understanding (MOU) with Airbus and Pratt & Whitney for the purchase of up to 152 A321neo aircraft, valued at approximately $24 billion. This marks the largest aircraft order in Philippine aviation history. The agreement includes firm orders for up to 102 A321neo and 50 A320neo family purchase rights, all powered by Pratt & Whitney GTF™ engines.

CEB's CEO, Michael Szucs, emphasized the order's flexibility in adapting to market changes and supporting the airline's mission to make air travel more accessible. Airbus and Pratt & Whitney, an RTX business, expressed gratitude for CEB's confidence in their products. The purchase agreement is expected to be finalized in Q3 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Raytheon UK, in collaboration with Defence Science and Technology Laboratory (Dstl) and Defence Equipment and Support (DE&S), has successfully tested the High-Energy Laser Weapon System (HELWS) on a British Army Wolfhound armoured vehicle. This marks the first test of its kind in the UK, representing a significant advancement in the Land Laser Directed Energy Weapon (LDEW) Demonstrator programme. The HELWS, designed to counter NATO class 1 drones, demonstrates the UK's progress in adopting laser technology for military applications.

The integration of HELWS with the Wolfhound vehicle combines Raytheon's proven technology with UK intellectual property from various British SMEs. This milestone underscores the UK's commitment to enhancing its defence capabilities and fostering technological innovation in the face of evolving drone warfare threats.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Pratt & Whitney, an RTX business, announced that SMBC Aviation Capital has exercised options for 22 firm orders of GTF-powered A320neo family aircraft. This is in addition to a 2021 order for 20 aircraft, bringing SMBC's total commitment to 42 firm A320neo family aircraft with GTF engines. SMBC Aviation Capital, one of the largest lessors for GTF-powered A320neo family aircraft, initially selected 50 firm aircraft in 2019 and currently manages a portfolio of 142 GTF-powered A320neo family aircraft. The announcement reinforces the relationship between these two global aviation leaders, highlighting the economic and environmental benefits of the GTF engines for airline customers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

RTX (NYSE: RTX) has completed the preliminary design review for a hybrid-electric propulsion demonstrator engine as part of the SWITCH project, supported by the European Union's Clean Aviation Joint Undertaking. The system combines two Collins Aerospace megawatt-class electric motor generators within a Pratt & Whitney GTF™ engine, aiming to enhance efficiency and reduce emissions for future short- and medium-range aircraft.

The SWITCH project involves collaboration between MTU Aero Engines AG, Pratt & Whitney, Collins Aerospace, GKN Aerospace, and Airbus. Testing of the electric powertrain will occur at Collins' facility, The Grid, in Rockford, IL, before full-scale GTF demonstrator engine assembly and testing. This initiative is part of RTX's broader technology roadmap for sustainable aviation, which includes other demonstrator programs like STEP-Tech and the RTX Hybrid-Electric Flight Demonstrator.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

RTX's Pratt & Whitney Canada and Collins Aerospace have been chosen by Airbus Helicopters to develop a hybrid-electric propulsion system for the PioneerLab technology demonstrator. Based on an H145 helicopter, the project aims to achieve up to 30% improved fuel efficiency and reduced CO2 emissions compared to conventional models.

The system will combine a Pratt & Whitney Canada PW210 engine derivative with two Collins Aerospace 250 kW electric motors and controllers through a common gearbox. Test flights are scheduled to begin in 2027 in Donauwörth, Germany. The project is supported by Germany's Federal Ministry for Economic Affairs and Climate Actions and the UK's Aerospace Technology Institute.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

RTX has achieved a significant milestone in developing its hybrid-electric STEP-Tech demonstrator, validating sustained operation of key components and energy transfer through a high-voltage electrical network. The STEP-Tech program aims to prototype distributed propulsion concepts in the 100-500kW class, scalable to 1MW+, for various next-generation aircraft platforms.

The company has successfully tested the battery system's ability to start the thermal engine and use electrical power from the turbogenerator to charge propulsor motor batteries. These tests were conducted at RTX's Technology Research Center in East Hartford, Connecticut, featuring an 800-volt electrical architecture for aerospace applications.

RTX's hybrid-electric initiatives, including STEP-Tech, position the company to offer advanced propulsion technologies for improved fuel efficiency across various aircraft segments, supporting the aviation industry's goals of reduced carbon emissions and sustainable flight.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

Collins Aerospace, an RTX business, announced that the European Union's Clean Aviation HECATE project has achieved Preliminary Design Review (PDR). The HECATE consortium, comprising multiple European aerospace industry partners, aims to develop new high-voltage distribution technologies for future hybrid-electric aircraft. Key achievements include:

  • PDR completion for power conversion and secondary distribution systems by Collins
  • PDR completion for primary distribution, power management systems, and cabling by Safran
  • Definition of top-level project requirements and electrical distribution architecture
  • On track to achieve TRL4 and Critical Design Review by year-end

The project targets demonstrating a 500kW hybrid-electric architecture in ground tests at TRL5 by 2025. This initiative is important for developing technologies to support higher voltages required for hybrid-electric aircraft, contributing to the aviation industry's efforts to reduce carbon emissions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Pratt & Whitney, an RTX business, and SR Technics have announced the induction of the first Pratt & Whitney GTF™ engine at SR Technics' Zurich-based facility. This marks SR Technics as the 17th active facility in the growing GTF MRO network. The Swiss shop will provide full disassembly, assembly, and test capability for the PW1100G-JM engine used in the Airbus A320neo aircraft family.

This expansion is part of Pratt & Whitney's commitment to increase GTF MRO capacity to support growing aftermarket demand. In 2023, the company announced three GTF MRO facility expansions and six shop activations. SR Technics, which joined the network in 2022, is the seventh facility in Europe.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.99%
Tags
none
-
Rhea-AI Summary

Raytheon, an RTX business, demonstrated a simulated complex missile engagement at Valiant Shield 24, integrating the U.S. Army's Lower Tier Air and Missile Defense Sensor (LTAMDS) and Integrated Air and Missile Defense Battle Command System (IBCS) with the U.S. Navy's Standard Missile-6 (SM-6). The test successfully proved the feasibility of SM-6 as an additional effector within the Army IAMD architecture.

The experiment used a combination of physical systems' hardware and simulation to demonstrate effective threat detection, data transfer, launch command, and successful missile intercept. This integration provides a viable option for INDOPACOM, enhancing the ability to defeat diverse and complex threats with a multi-mission missile that matches LTAMDS's long-range capabilities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
Tags
none
Rhea-AI Summary

RTX has announced the appointment of Troy Brunk as the new President of Collins Aerospace, succeeding Stephen Timm who is retiring. Brunk, a 30-year aerospace and defense veteran, will report to RTX CEO Christopher Calio. With experience leading three of Collins Aerospace's six strategic business units, Brunk brings deep portfolio and customer understanding to his new role.

Stephen Timm will remain with the company as a special advisor until March 2025, focusing on business transformation. Additionally, Heather Robertson, a 24-year company veteran, has been appointed as President of Collins' Mission Systems strategic business unit. These leadership changes are part of RTX's planned transition strategy for Collins Aerospace.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
Tags
none

FAQ

What are the main business segments of RTX Corporation?

RTX Corporation operates through three main segments: Collins Aerospace, Pratt & Whitney, and Raytheon.

Where is RTX Corporation headquartered?

RTX Corporation is headquartered in Arlington, Virginia, USA.

What recent renewable energy initiative has RTX undertaken?

RTX has entered an agreement with ENGIE North America to supply 100% renewable electricity to 12 of its Texas facilities.

How did RTX perform financially in the first quarter of 2024?

RTX reported a 12% increase in sales and a record backlog of $202 billion in the first quarter of 2024.

What is Collins Aerospace known for?

Collins Aerospace is a diversified aerospace supplier providing systems and components for commercial and military aviation.

What are Pratt & Whitney's key products?

Pratt & Whitney is known for manufacturing advanced jet engines for both commercial and military aircraft.

What does the Raytheon segment specialize in?

Raytheon specializes in defense systems, including missiles, missile defense systems, sensors, and communications technology.

What is the significance of RTX's agreement with ENGIE North America?

The agreement marks RTX's largest renewable energy procurement, supporting the company's goal to reduce greenhouse gas emissions.

How many global employees does RTX have?

RTX has over 185,000 employees worldwide.

What is the mission of Blue Canyon Technologies, an RTX company?

Blue Canyon Technologies focuses on small satellite manufacturing and mission services, contributing to projects like NASA's PREFIRE mission.

RTX Corporation

NYSE:RTX

RTX Rankings

RTX Stock Data

136.69B
1.33B
0.09%
84.05%
1.45%
Aircraft Engine and Engine Parts Manufacturing
Manufacturing
Link
United States of America
ARLINGTON