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 reports aerospace and defense developments across Collins Aerospace, Pratt & Whitney and Raytheon. News commonly covers Collins avionics, commercial aviation radars, satellite and secure communications components, and multi-domain security solutions; Pratt & Whitney commercial and military engine production, including GTF, F135 and F100 programs; and Raytheon defense systems such as SeaRAM, SharpSight radars, missile-warning sensors, air and missile defense, advanced sensors and space-based systems.
Company updates also include earnings releases, backlog and cash-flow commentary, dividend actions, facility investments and production-capacity expansions tied to commercial aerospace and defense demand. Contract announcements and customer program awards provide recurring detail on RTX's role as a supplier to military, civil aviation and allied defense markets.
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.
Collins Aerospace and Panasonic Avionics have unveiled MAYA, a next-generation business class suite, at the 2024 Aircraft Interiors Expo in Hamburg, Germany. This suite combines advanced ergonomic seating with integrated ARISE™ comfort technology and a 45-inch ultra-high-definition OLED display. MAYA offers extensive personalization, connectivity, and accessibility features, enhancing passenger experience and airline profitability. The suite uses sustainable materials and supports mid-life upgrades, emphasizing modularity and recyclability. The unveiling highlights the collaboration between leading inflight technology and seat manufacturing experts.
RTX's Collins Aerospace has achieved European Aviation Safety Agency (EASA) certification for its Pro Line Fusion® integrated avionics system retrofits on Cessna Citation CJ1+/2+ aircraft. This milestone enables European operators to enhance aircraft performance, safety, and control. The Pro Line Fusion system offers modularity, real-time data integration, and improved visual clarity, simplifying pilot workload and operations. The certification signifies Collins Aerospace's dedication to supporting global CJ operators with cutting-edge flight deck technology. The system is showcased at the 2024 EBACE show in Geneva, Switzerland.
Collins Aerospace, an RTX business, has been awarded a multi-billion-dollar subcontract by SNC for the U.S. Air Force's Survivable Airborne Operations Center (SAOC) program. This program aims to develop a next-generation aircraft to replace the aging E-4B National Airborne Operations Center. The new aircraft will ensure top military leaders have a survivable platform to operate the National Military Command System. Collins Aerospace will provide multiple systems and products from various parts of RTX, leveraging their engineering and manufacturing expertise. The collaboration with SNC aims to deliver innovative, cost-effective solutions with accelerated delivery timelines.
Collins Aerospace, an RTX business, is set to unveil a new cabin solution for onboard wheelchair accommodation at the Aircraft Interiors Expo in Hamburg, Germany. This innovation allows passengers with reduced mobility to remain in their wheelchairs during the flight, ensuring a more comfortable and dignified travel experience. The product is compatible with WC19 and ISO 7176-19 transport-certified powered wheelchairs and requires a simple restraint system installation at the front of a narrow body aircraft. The solution aims to simplify boarding and deplaning processes, reduce injury risks, and minimize mishandling of wheelchairs. It utilizes unused space without requiring seat removal or modification, allowing airlines to maintain existing passenger densities. Demonstrations will take place from May 28-30.
RTX's Pratt & Whitney Canada has received type certification from Transport Canada for their PW545D engine, selected to power Textron Aviation's business jet. The engine offers improved fuel consumption, increased thrust, and extended time between overhauls. The certification follows extensive testing and marks a significant milestone in the PW500 engine family's history.
Raytheon's advanced ground system for space-based missile warning, the FORGE MDPAF, is now operational at the U.S. Space Force's OBAC. It enables fast integration of mission-focused applications to process satellite data, supporting both current and future space data processing needs.
RTX's new generation of commercial satellite imagers has launched with Maxar's WorldView Legion. The advanced imaging instruments provide high-resolution visual data in real-time, offering improved surveillance and monitoring for various applications. These satellites will enhance Earth observation capabilities and support national security, military, commercial mapping, maritime monitoring, and more.
RTX announced an increase in its quarterly cash dividend by 6.8% to 63 cents per share of common stock. The dividend will be payable on June 13, 2024, to shareowners of record as of May 17, 2024. The company is confident in its strong portfolio and growing product demand, aiming to return $36-37 billion to shareholders by 2025.
Pratt & Whitney Canada and TAAG Angola Airlines signed a six-year Fleet Management™ Program agreement for the PW150A engines powering TAAG's Dash 8-400 regional turboprops. The agreement includes engine maintenance services, oil-analysis technology, and diagnostic solutions to optimize aircraft availability and efficiency. The program aims to lower operating costs and simplify fleet operations management for airlines.