RTX Corp Stock Price, News & Analysis

Collins Aerospace, an RTX business, has secured a $19 million contract from the Department of Defense to upgrade UK Royal Air Force's H-47 Chinooks with its Common Avionics Architecture System (CAAS). The upgrade will make UK Chinooks interoperable with U.S. Chinooks through shared avionics systems and digital cockpit displays. The CAAS Flight2™ system features a Modular Open Systems Approach architecture that enables cost-effective upgrades and reduced sustainment costs. The project aligns with the UK's recent announcement to purchase 14 extended-range Chinooks, contributing £151 million to the UK economy.

Pratt & Whitney, an RTX business, and Air New Zealand announced a US$150 million expansion of the Christchurch Engine Centre. The 14,000 square meter expansion will add maintenance, repair and overhaul (MRO) capabilities for GTF engines, with capacity for up to 140 engine overhauls annually by 2032. Construction begins this month, with the first GTF engine overhaul expected in Q4 2026. The project will create 200 high-value jobs in the Canterbury region. The facility will service both V2500 engines for A321ceo aircraft and PW1100G-JM GTF engines for A320/A321neo aircraft.

RTX's BBN Technologies has been awarded a DARPA contract for the Compartmentalization and Privilege Management (CPM) program. The company will develop the Analysis and Restructuring for Containment (ARC) tool to enhance cyber resilience by automatically subdividing software systems into secure compartments. This initiative addresses the critical need highlighted by over 12,000 cyber incidents in the U.S. Department of Defense since 2015. The ARC tool will focus on preventing unauthorized privilege escalations while maintaining system efficiency, implementing a balance between security and performance in critical software systems.

Pratt & Whitney Canada will demonstrate hydrogen combustion technology on a PW127XT regional turboprop engine through the Hydrogen Advanced Design Engine Study (HyADES) project, supported by Canada's Initiative for Sustainable Aviation Technology (INSAT). The project, in collaboration with Next Hydrogen Solutions, will initially focus on fuel nozzle and combustor rig testing, with future phases targeting full engine ground testing. The PW127XT engine offers over 3% better fuel efficiency, 40% improved time on wing, and 20% reduced maintenance costs compared to previous models. Additionally, a second INSAT project named TEAME will explore advanced materials for hot section components to improve thermal efficiency and reduce emissions.

Next Level Aviation® (NLA) has extended its used serviceable material (USM) consignment agreement with Pratt & Whitney Commercial Serviceable Assets (CSA) for an additional three years. The partnership combines Pratt & Whitney's technical expertise with NLA's sales and delivery capabilities to provide cost-effective solutions to airlines, leasing companies, and MRO shops globally. Under the agreement, Pratt & Whitney CSA will consign USM to NLA to meet customer requirements, while NLA will support both companies' global customer base for used serviceable engine accessory needs.

Raytheon, an RTX business, successfully demonstrated its GhostEye® MR advanced medium-range sensor during Gray Flag 2024, a joint test event with the U.S. military. The radar system effectively tracked high-speed targets in maritime environments, showcasing its multi-mission capabilities. The demonstration was part of the Office of Secretary of Defense's Rapid Defense Experimentation Reserve program.

GhostEye MR, designed for the National Advanced Surface-to-Air Missile System (NASAMS), is a 360-degree surveillance and fire control sensor that can detect, track, and identify various threats, including large-quantity raid attacks. In August 2023, Raytheon received its first government contract to advance the system's development.

Collins Aerospace, an RTX business, has completed prototype development of a solid-state power controller and power distribution panel for the SWITCH project, supported by the EU's Clean Aviation Joint Undertaking. The megawatt-class power distribution components, developed at Collins' Nördlingen facility, will be tested at The Grid in Rockford, Illinois. The project aims to develop a hybrid-electric propulsion system combining Collins' megawatt-class electric motor generators with a Pratt & Whitney GTF™ engine, supporting the aviation industry's goal of achieving net-zero carbon emissions by 2050.

Collins Aerospace, an RTX business, announces a $2 million expansion of its executive aircraft seating facility in Medley, Florida. The investment doubles the upholstery production floor space to 30,000 square feet and introduces new automated machinery. The 150,000 square-foot facility, which combines automated machining with specialized craftsmen, will benefit from enhanced production capacity, improved efficiencies, and expanded customization capabilities. The upgrade includes new automated quilted panel machinery for complex designs and an automated material cutter with digital visioning, aimed at reducing waste and improving product quality.

Raytheon, an RTX business, secured $676 million in contracts from the U.S. Army for the TOW weapon system, comprising a $430 million production contract in FY2023 and $246 million in 2024. The company can manufacture up to 10,000 missiles annually and has delivered over 700,000 TOW systems to date. Recent improvements include modernized fuzing and target detection, demonstrated in successful Fly-To-Buy lot acceptance tests. The TOW system has been used in combat 11,000 times since 2003, with approximately 13,000 missiles provided to Ukraine. The weapon system will remain in service with U.S. and allied forces beyond 2050.