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RTX Corp - RTX STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect RTX's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of RTX's position in the market.

Rhea-AI Summary
RTX, listed on the NYSE as RTX, has been acknowledged by three different organizations for its pioneering work in patented technology. The company's innovation has been highlighted by The Harrity Patent Analytics Patent 300® List, The Global IP Strategy Center, and The IPWatchdog. This recognition reaffirms RTX's position as a leader in technological advancement and underscores its commitment to innovation.
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Raytheon, an RTX business, has been awarded a $344 million contract for the development of two missile variants – the SM-2 Block IIICU and SM-6 Block IU. The upgrades will enhance the speed and efficiency of production for defense systems important to the U.S. Navy and international allies. The project, funded by Foreign Military Sales, marks a significant advancement in radar technology for international partners.
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Raytheon, an RTX business, has broken ground on a $115 million expansion of its Redstone Raytheon Missile Integration Facility in Huntsville, Alabama. The 26,000 square-foot expansion will increase the factory's space by more than 50%, supporting key missile programs like the Glide Phase Interceptor. The project will create 185 new jobs, bringing RTX's employee count in Alabama to over 2,200. The expansion aims to meet the growing needs of military customers and accelerate the delivery of vital defense solutions.
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RTX reported strong Q1 2024 results with 12% sales growth, a record backlog of $202B, and reaffirmed outlook. Sales reached $19.3B, up 12%, with GAAP EPS of $1.28, up 32%. Adjusted EPS was $1.34, up 10%. Company backlog stands at $202B, including $125B commercial and $77B defense. RTX realized $105M in cost synergies and reaffirmed full year 2024 outlook with sales of $78-79B, adjusted EPS of $5.25-5.40, and free cash flow of $5.7B.
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Fresh2 Group has received a Delinquency Compliance Alert Notice from Nasdaq. The company has announced a partnership with Collins Aerospace and Common Energy to support four new community solar projects in the greater Portland area. These projects will generate 17 million kilowatt hours of clean energy annually, benefitting the community and reducing carbon emissions. The projects will have a mix of commercial, residential, and low-income subscribers, with each receiving credits on their electricity bills and Renewable Energy Certificates. Collins Aerospace's facility in Wilsonville will anchor the portfolio, with a focus on reducing greenhouse gas emissions and supporting sustainability initiatives.
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RTX signs its largest renewable electricity deal to date with ENGIE, powering 12 Texas facilities with 100% renewable electricity. The agreement, running through 2033, aims to reduce greenhouse gas emissions and achieve renewable energy goals. The deal will provide over 1.5 million megawatt hours of renewable electricity, cutting emissions by 560,000 metric tons of CO2.
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Pratt & Whitney, an RTX business, invests $20 million to increase GTF maintenance capacity at West Palm Beach Engine Center by 40% by 2025. The expansion includes workforce growth, equipment additions, and transformative technologies to support the GTF fleet. Pratt & Whitney aims to enhance customer support and trust through global investments in GTF fleet management.
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Blue Canyon Technologies, a small satellite manufacturer and mission services provider under RTX (NYSE: RTX), successfully launched the MethaneSAT satellite, funded by a nonprofit organization to combat methane emissions.
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Pratt & Whitney, an RTX business, unveiled its North American Technology Accelerator (NATA) in Florida to advance MRO technologies. The center will focus on material restoration, process automation, and additive repairs for GTF engine components, aiming at $100 million in parts recovery over five years. NATA, alongside the Singapore Technology Accelerator (STA), is expected to generate annual savings of $24 million by leveraging automation, connectivity, analytics, and intelligence.
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Raytheon, an RTX business, successfully completes thermal vacuum testing of the fourth sensor for the VIIRS program, ensuring on-time delivery for satellite integration in 2024. The milestone was achieved ahead of schedule, showcasing efficient collaboration between NASA and Raytheon.
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RTX Corp

NYSE:RTX

RTX Rankings

RTX Stock Data

133.10B
1.20B
0.09%
87.12%
2.6%
Aircraft Engine and Engine Parts Manufacturing
Manufacturing
Link
US
Waltham

About RTX

Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services.