Welcome to our dedicated page for RTX news (Ticker: RTX), a resource for investors and traders seeking the latest updates and insights on RTX stock.
RTX Corporation (NYSE: RTX) is described as the world’s largest aerospace and defense company, and its news flow reflects activity across commercial aviation, defense and space. Company announcements highlight developments from its businesses Collins Aerospace, Pratt & Whitney, Raytheon and Blue Canyon Technologies, as well as corporate updates from its Arlington, Virginia headquarters.
News items from Collins Aerospace include contracts and technology demonstrations in air traffic management and navigation. For example, Collins Aerospace has been awarded a major Federal Aviation Administration contract to support the Radar System Replacement program for the U.S. National Airspace System, delivering next-generation cooperative and non-cooperative radar systems. It has also showcased anti-jam Assured Positioning, Navigation and Timing solutions using Compact Modular Open Systems Standards (CMOSS) Mounted Form Factor cards for ground vehicles in contested environments.
Pratt & Whitney news covers aircraft propulsion and engine development. The business has announced work on a new family of engines, developed by its GATORWORKS team, intended for applications such as munitions and Collaborative Combat Aircraft, with a focus on scalability, development speed and affordability.
Raytheon-related news spans air and missile defense, radar and electronic warfare. Recent releases include contracts to supply Patriot air and missile defense systems and related equipment to countries such as Spain and Romania, as well as a contract to equip a U.S. Air Force autonomous test aircraft with PhantomStrike radar. Raytheon has also reported progress on an Advanced Electronic Warfare prototype for the U.S. Navy’s F/A-18E/F Super Hornet.
RTX news also covers space activities through Blue Canyon Technologies, such as the launch of a Saturn-200 minisatellite platform for NASA’s Pandora mission to study exoplanet atmospheres. In addition, corporate communications include earnings release schedules, responses to unsolicited mini-tender offers for RTX shares, and other regulatory or cybersecurity updates disclosed through press releases and SEC filings.
Investors and observers can use the RTX news stream to follow contract awards, technology milestones, aerospace and defense program updates, and corporate announcements that illustrate how the company’s businesses operate across aviation, defense and space.
RTX announced that its Board of Directors has elected current President and CEO Christopher T. Calio as Chairman of the Board, effective April 30, 2025. This follows Gregory J. Hayes's decision to step down as Executive Chairman and Board member before the company's 2025 annual meeting.
Hayes, who has served as Executive Chairman since May 2024, will transition to the role of Special Advisor to the CEO through January 2, 2026. Previously, he served as President and CEO of RTX following the 2020 merger of Raytheon Company and United Technologies, where he was Chairman and CEO.
According to RTX Lead Director Fred Reynolds, Hayes's leadership over 35 years has created significant value for stakeholders. The Board expressed confidence in Calio's ability to continue driving RTX growth through operational execution and technology innovation.
RTX (NYSE: RTX) announced that its Board of Directors has declared a quarterly dividend of $0.63 per share of common stock. The dividend will be paid on March 20, 2025, to shareholders of record as of February 21, 2025. The company highlighted its long-standing tradition of paying cash dividends, which dates back to 1936, demonstrating nearly 90 years of consistent dividend payments to shareholders.
Collins Aerospace, an RTX business, has secured a follow-on contract worth up to $904 million over five years from the U.S. Navy to continue developing the Cooperative Engagement Capability (CEC) system. The CEC integrates sensors across surface, land, and air platforms to enable Integrated Fire Controls.
RTX has been the sole provider of CEC since 1985, and this new sole source contract follows an existing five-year Design Agent contract. The system connects multiple platforms and associated sensors, providing composite tracking to combat and weapons systems. Collins will enhance the system with increased interoperability, expanded weapon and sensor coordination, and integration of new data sources.
The company has already successfully deployed and maintained CEC on more than 174 U.S. Navy, U.S. Marine Corps and international platforms.
RTX reported strong Q4 2024 results with sales of $21.6 billion, up 9% year-over-year, and adjusted EPS of $1.54, up 19%. Full-year 2024 saw adjusted sales reach $80.8 billion, a 9% increase, with adjusted EPS of $5.73, up 13%.
The company's backlog stands at $218 billion, split between $125 billion commercial and $93 billion defense. RTX returned $3.7 billion to shareholders in 2024, bringing total returns since merger to over $33 billion.
For 2025, RTX projects adjusted sales of $83.0-84.0 billion with 4-6% organic growth, adjusted EPS of $6.00-6.15, and free cash flow of $7.0-7.5 billion. All three business segments - Collins Aerospace, Pratt & Whitney, and Raytheon - showed growth in Q4, with notable increases in defense and commercial aftermarket sales.
RTX's Raytheon has secured a $529 million contract to provide the Netherlands with a Patriot® air and missile defense system fire unit and related equipment. This contract aims to replace a fire unit previously donated to Ukraine. The package includes a radar, launchers, command and control stations, and support equipment.
The Patriot system, currently serving as the foundation of air defense for 19 countries, is the world's only combat-proven ground-based air and missile defense capability that can protect against advanced long-range cruise missiles, tactical ballistic missiles, and various air-breathing threats. The contract work will be primarily conducted in Andover, Massachusetts, and Huntsville, Alabama.
RTX's Raytheon has secured a $333 million contract from the U.S. Navy for the production of Standard Missile-6 (SM-6) Block IA missiles. The SM-6 is a versatile weapon system that provides both offensive and defensive capabilities, supporting anti-air, anti-surface warfare, and sea-based terminal ballistic missile defense in a single solution.
The missile has demonstrated its effectiveness through successful deployments on various U.S. Navy ships, unmanned vessels, and land-based launchers. Notably, in March 2024, it successfully intercepted a medium-range ballistic missile target during the Flight Test Aegis Weapon System exercise.
Production will take place across Raytheon facilities in Tucson, Huntsville, Andover, and Dine, with project completion expected by 2027.
RTX (NYSE: RTX) has announced it will release its fourth quarter and full year 2024 earnings results on Tuesday, January 28, 2025, before market opening. The company will host a conference call at 8:30 a.m. ET to discuss the results and provide its 2025 outlook. The conference call will be available via webcast on RTX's website and will include a downloadable presentation. A replay of the call will be made available after the event.
RTX's Raytheon has secured a $946 million contract to provide additional Patriot air and missile defense systems to Romania, marking the country's third Patriot order. The contract encompasses fire units including radars, control stations, and missiles.
Raytheon maintains partnerships with Romanian defense companies as part of its Patriot global supply chain network. The Patriot system, currently employed by 19 countries, is the world's only combat-proven ground-based air and missile defense capability that can counter advanced long-range cruise missiles, tactical ballistic missiles, and various air-breathing threats. The system has demonstrated its effectiveness against sophisticated aerial threats and complex raid attacks.
RTX's Raytheon and Ursa Major have successfully completed a missile flight test of an advanced long-range solid rocket motor for the U.S. Army. The collaboration leverages digital engineering to accelerate development of affordable precision munitions. Ursa Major has conducted nearly 300 static test fires this year using additive manufacturing techniques, demonstrating rapid development capabilities.
The partnership aims to provide the U.S. Army with smart munitions that are more cost-effective than current systems. The program will continue with manufacturing improvements and additional flight tests in 2025, targeting qualification in 2026. RTX Ventures' 2023 investment in Ursa Major supports this initiative to address national security requirements through innovative rocket motor technologies.
Collins Aerospace, an RTX business, has unveiled a comprehensive avionics modernization program for Beechcraft King Air and Hawker aircraft. The initiative includes upgrades for Pro Line Fusion® and Pro Line 21™ advanced avionics systems, focusing on enhancing aircraft performance, safety, and pilot efficiency.
The program encompasses upgrades for King Air 200 and 300 series aircraft, transitioning from Pro Line 21 to Pro Line Fusion, along with modernization options for Hawker 750, 800, and 900 series aircraft. The Pro Line Fusion system features touchscreen displays and advanced navigation tools, while Pro Line 21 provides integrated digital cockpit capabilities.