RTX Corp Stock Price, News & Analysis

Collins Aerospace, an RTX (NYSE: RTX) business, has announced plans to relocate its Singapore manufacturing facility to a new $250 million state-of-the-art site in Seletar Aerospace Park. The move represents a significant investment and commitment to innovation in the aerospace industry. Construction is scheduled to begin in Q4 2025, with completion expected by 2027 and production commencing in 2028.

The new facility will transfer operations from the current Bedok site, maintaining dual production capability during a multi-year transition. This strategic relocation aims to enhance Collins' capabilities in aerospace components' design, development, and production. The company has been present in Singapore since 1975 and has established strong relationships with key airframers over the past 50 years.

Raytheon, an RTX business, has signed a contract with Avio to develop solid rocket motors for defense applications. This partnership aims to enhance the resilience and responsiveness of solid rocket motor production for the U.S. Defense Industrial Base. Avio completed its preliminary design development in April 2024, addressing the need for additional sources of two critical solid rocket motor systems.

The collaboration leverages Avio's Italian manufacturing and engineering capabilities to support the maturation of Avio USA and facilitate domestic solid rocket motor manufacturing. This partnership is expected to meet the increasing long-term demand from both domestic and international customers, contributing to a more robust U.S. industrial base for rocket motors.

Chilean-based SKY Airline has chosen Pratt & Whitney's GTF engine to power up to 39 Airbus A320neo family aircraft, becoming a first-time Pratt & Whitney customer. The agreement includes 10 firm A321XLR aircraft and options for 29 A320neo and A321neo aircraft. Pratt & Whitney, an RTX (NYSE: RTX) business, will provide long-term maintenance services through an EngineWise™ Comprehensive service agreement.

SKY Airline, founded in 2001, is a low-cost carrier operating a modern fleet of Airbus A320/A321neo aircraft. The airline flies to over 40 domestic and international routes in the Americas through its subsidiaries in Chile and Peru. In June 2024, SKY was named 'The best low-cost airline in South America' by SKYTRAX for the fourth time.

Pratt & Whitney, an RTX business, has delivered an F100 engine to Poland to support the readiness of its F-16 fleet. This is the first of several engines to be delivered to Poland this year. The F100 engine powers F-16 fleets in 23 global air forces and is seeing increased demand for its latest generation. Manufactured in Middletown, Connecticut, the F100 incorporates advanced technologies and has logged over 30 million engine flight hours across global F-16 and F-15 fleets.

The original F100 engines for Poland's F-16s were produced at Pratt & Whitney's Rzeszów facility, which now manufactures static structures and critical rotating parts for new F100 engines and worldwide sustainment.

Avolon, a leading aircraft lessor, has selected Pratt & Whitney's GTF engines to power 80 Airbus A320neo family aircraft, with options for 80 more. This marks Avolon's first direct GTF engine order, expanding their GTF-powered fleet to 158 aircraft. The deal, announced at the Farnborough Air Show, is one of Pratt & Whitney's largest transactions with a lessor for GTF engines.

The GTF engines are praised for their unmatched fuel efficiency and lowest carbon emissions for single-aisle aircraft. Avolon's CEO, Andy Cronin, emphasized the importance of engine innovation in the industry's decarbonization efforts. This order positions Avolon to meet customer narrowbody requirements through 2030 and beyond, supporting the transition to more fuel-efficient technology.

RTX's Raytheon business announced 28 successful tests of its StormBreaker® smart weapon in 2023, including a 100% success rate on 14 planned jettisons from the F-35C. The tests involved four separate platforms across three U.S. military services. StormBreaker is an air-launched, precision-strike standoff weapon capable of defeating moving and fixed targets in adverse weather conditions.

Key features of StormBreaker include:

• Tri-mode seeker using infrared and millimeter wave radar
• Two-way datalink communications for in-flight target updates
• Ability to operate in fog, smoke, and rain
• Network-enabled capabilities for enhanced survivability

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.

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.

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.