RTX Corp Stock Price, News & Analysis

Raytheon, an RTX business, has secured a $506 million contract from NASA to design and build the Landsat Next Instrument Suite (LandIS).

This suite includes three next-generation space instruments, with an option for an additional one, aimed at enhancing Earth observation capabilities.

Through multispectral imaging, LandIS will capture images every six days, providing improved spatial, temporal, and spectral resolution, which is expected to bolster data on water quality, crop production, soil conservation, forest management, mineral mapping, and climate change impacts.

Raytheon has a longstanding history with the Landsat mission, dating back to the 1970s. The first LandIS sensor delivery is anticipated in 2028, with the work being executed in El Segundo, California.

RTX's Blue Canyon Technologies has been chosen by NASA to build two 12U CubeSat buses for the PolSIR mission, which will study high-altitude ice clouds in tropical and sub-tropical regions. The mission aims to improve climate forecasts by observing the daily cycle of ice content in clouds using polarized submillimeter radiometers over two wavelengths. Blue Canyon will also handle mission operations services. This project builds on Blue Canyon's experience with weather monitoring missions like TEMPEST-D and TROPICS.

Raytheon's RTX business has been awarded a $677 million contract to produce AN/SPY-6(V) radars for the U.S. Navy. This is the third exercise of a contract dating back to March 2022, which could be worth up to $3 billion over five years. Seven additional radars will be delivered, bringing the total to 38 under contract. The SPY-6 radars enhance air surveillance, electronic warfare protection, and detection capabilities. The USS Jack H. Lucas (DDG 125) and USS Richard M. McCool Jr. (LPD 29) are the first ships equipped with the new radar systems. SPY-6 is projected to be deployed on 65 Navy ships over the next decade.

RTX's Blue Canyon Technologies has successfully established communication with two CubeSats for the NASA PREFIRE mission, aimed at improving Earth climate modeling. The mission will measure heat emitted from the Arctic and Antarctica, aiding in more accurate climate and ice projections. These projections will help understand storm severity, coastal erosion, and sea level rise. The PREFIRE mission is a collaboration between NASA's Jet Propulsion Laboratory and the University of Wisconsin-Madison, with the latter processing the collected data.

RTX (NYSE: RTX) announced that its Board of Directors has declared a quarterly cash dividend of 63 cents per share of common stock. The dividend is scheduled for payment on September 5, 2024, to shareholders of record as of August 16, 2024. RTX has consistently paid dividends each year since 1936.

RTX's Collins Aerospace has won a prestigious 2024 Crystal Cabin Award for its STARLight™ structural technology, marking its 14th win in the award's 18-year history.

STARLight™ structures, which placed first in the Material and Components category, are ultra-lightweight, strong, and sustainable composite structures designed for aircraft interiors. These structures can be integrated into seats, galleys, lavatories, and more. They are created using advanced composite design tools, automated manufacturing techniques, and renewable materials, resulting in thinner and lighter architectures compared to traditional honeycomb panels.

These innovative structures eliminate the need for pre-preg fabric, adhesives, and bonding during assembly, significantly reducing structural weight, material waste, and energy consumption in manufacturing.

In addition to winning for STARLight™, Collins Aerospace was also a finalist for two other 2024 Crystal Cabin Awards for its ARISE™ intelligent comfort system and ADAPT™ digital flight experience control.

Collins Aerospace, a business under RTX (NYSE: RTX), unveiled its Helix™ main cabin seat at the 2024 Aircraft Interiors Expo in Hamburg, Germany. The Helix seat is designed to enhance passenger comfort, reliability, and sustainability in short and medium-haul flights. The seat features a lightweight construction, ergonomic design, and increased living space without affecting cabin density. It incorporates high strength-to-weight composite materials, reducing aircraft weight, fuel consumption, and carbon emissions. The seat is also optimized for better inflight entertainment, literature pockets, and full-sized meal trays. Collins Aerospace is in discussions with several airlines to integrate Helix seats into their narrowbody fleets.

Collins Aerospace, an RTX (NYSE: RTX) business, is investing $200 million to expand its carbon brake production facility in Spokane, Washington. Over several years, the expansion will increase the site's size by over 50 percent, adding 70,000 square feet, including up to three new buildings and additional furnaces. This move aims to boost production capacity to meet rising demand from commercial and military clients. The site focuses on manufacturing braking systems with DURACARB® carbon disk technology known for its durability and cost-efficiency. This expansion will enhance manufacturing capabilities, support Spokane's economy, and create new high-tech jobs. Washington state supports this initiative, reinforcing Spokane's growing aerospace sector.

Collins Aerospace, an RTX (NYSE: RTX) business, has successfully retrofitted a Prince Aviation Cessna 525 Citation Jet with its IRT NX SATCOM system, marking an industry first for Iridium Certus satellite connectivity. The system, certified by EASA and designed by Q.C.M. Design, enhances cabin connectivity with speeds up to 704 kbps through Iridium's global satellite network. This compact, lightweight system is cost-effective, easy to install, and reduces drag. It includes a data unit, configuration module, and antenna, providing reliable, secure communication for internet browsing, voice calls, texts, emails, and social media. Certification and installation were completed earlier this year, with a first flight in late April. The system is showcased at the 2024 EBACE in Geneva, Switzerland.