RTX Corp Stock Price, News & Analysis

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.

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.

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.

Pratt & Whitney, an RTX business, has announced the establishment of a new Customer Service Center in Bengaluru, India. This center will be part of Pratt & Whitney's India Capability Center and will support customer service and operations for Pratt & Whitney Canada's 68,000 engines in service. The facility is expected to employ over 150 aerospace experts and engineers, providing services such as MRO support, spare part management, engine leasing, and contract administration.

The center will be co-located with Pratt & Whitney's existing supply chain operations, engineering, and digital transformation centers in India. It will serve Indian and global airlines, OEMs, MROs, regulatory bodies, and small operators. Pratt & Whitney Canada's engines power the majority of India's regional aviation fleet, including over 90 aircraft operated by IndiGo, Alliance Air, Fly91, and SpiceJet.

RTX's Pratt & Whitney has successfully completed the preliminary design review (PDR) for the F135 Engine Core Upgrade (ECU) for the F-35 fighter jet. The upgrade is designed to restore full engine life and enhance performance to support Block 4 capabilities across all F-35 variants globally.

Key points:

• The ECU design is on schedule and exceeding expectations
• It will enable next-generation weapons and sensors
• The U.S. Department of Defense has officially selected the F135 ECU as the sole modernization solution for the F-35's propulsion system
• Pratt & Whitney has delivered over 1,200 F135 production engines with more than 860,000 flight hours recorded
• The ECU will be incorporated into new F-35s and retrofitted at global F135 depot facilities

Raytheon, an RTX business, has secured a $1.2 billion contract to deliver additional Patriot air and missile defense systems to Germany. Announced on July 11, 2024, this deal marks Germany's second Patriot order this year. The contract includes the latest Patriot Configuration 3+ radars, launchers, command and control stations, and associated spares. Patriot systems are globally renowned for their effectiveness against advanced threats, enhancing both Germany's and NATO's defense capabilities.

Collins Aerospace, a division of RTX (NYSE: RTX), has successfully demonstrated advanced battle management capabilities during the Valiant Shield exercise held in the Philippines. The exercise, conducted on July 10, 2024, showcased mobile, distributed command and control systems in collaboration with the U.S. Army's 1st Multi-Domain Task Force. These systems enable rapid reconfiguration and deployment based on evolving mission requirements, leveraging both commercial and military communication networks for enhanced situational awareness. Using AI/ML-powered battle management software, Collins Aerospace integrated data from multiple intelligence sources to provide comprehensive situational awareness to commanders and bilateral partners. This demonstration aligns with the U.S. Army's Mission Command On-The-Move concept, enhancing operational agility in dynamic environments.

Raytheon, a part of RTX (NYSE: RTX), has secured a contract from the U.S. Army Futures Command Futures and Concepts Center to conduct large-scale concept experimentation and mission analysis using their Rapid Campaign Analysis and Demonstration Environment (RCADE) solution. This initiative aims to assist military leaders in evaluating multi-domain conflict scenarios, thereby identifying important capabilities for future battlefields. Colin Whelan, president of Advanced Technology at Raytheon, highlighted that RCADE leverages real-world analytics and data to provide credible and unbiased solutions. The collaboration seeks to address evolving threats and enhance the Army's ability to quickly adapt and iterate mission strategies.

RTX (NYSE: RTX) is set to release its second quarter 2024 earnings results on July 25, 2024, before the market opens. Following the release, a conference call will be held at 8:00 a.m. ET to discuss the results. Investors can access the live webcast and replay on the company's website, www.rtx.com. Additionally, a corresponding presentation will be available for download prior to the call.