RTX Corp Stock Price, News & Analysis

The U.S. Air Force has successfully completed the Functional Configuration Audit for the AIM-120D-3, the latest variant of Raytheon Technologies' Advanced Medium Range Air-to-Air Missile. This milestone indicates the missile is on schedule for operational deployment within the year. The AIM-120D-3 features advanced hardware and enhanced software capabilities designed to counter both current and future threats. Integrated on multiple platforms across 42 countries, it is the first air-to-air weapon able to engage peer threats at extended ranges. Following rigorous testing including live firings, the F3R program continues with the AIM-120 C-8 variant, aimed at international clients. Raytheon Technologies, headquartered in Arlington, Virginia, reported $67 billion in sales for 2022, solidifying its position as a leader in aerospace and defense.

Raytheon Technologies (NYSE: RTX) has announced a strategic partnership with SpiderOak to develop advanced zero-trust security systems for satellite communications in proliferated low-Earth orbit (pLEO). This collaboration aims to combine SpiderOak's OrbitSecure solution with Raytheon BBN's Distributed, Disrupted, Disconnected and Denied (D4) secure cloud solution to enhance network resilience in contested environments. The partnership targets creating secure and efficient pLEO communications essential for military and commercial applications. Key locations for this initiative include Cambridge, Massachusetts; Reston, Virginia; and Centennial, Colorado. The project will integrate capabilities into space-qualified hardware over the next year, with a focus on addressing cyber and kinetic threats.

Raytheon Technologies (NYSE: RTX) will announce its first quarter 2023 earnings on April 25, 2023, prior to market opening. A conference call is scheduled for 8:30 a.m. ET on the same day, which will be accessible via live webcast on their website. The company, headquartered in Arlington, Virginia, reported sales of $67 billion in 2022, making it the world's largest aerospace and defense firm. Investors and media can find further information and participate in the conference via the company's official channels.

Raytheon Technologies (NYSE: RTX) secured a $1.2 billion contract from the U.S. Army to supply the Patriot™ air defense system to Switzerland. This marks Switzerland as the 18th global partner and the eighth European nation to adopt this advanced military technology. The contract encompasses five Patriot fire units and Guidance Enhanced Missiles (GEM-T) designed to counter tactical ballistic missiles and cruise missiles. Additionally, Raytheon will collaborate with Swiss industries, enhancing local participation in the management of this sophisticated air defense capability. The contract was officially announced on March 28, 2023.

Raytheon Technologies (NYSE: RTX) has successfully delivered all 23 contracted Joint Precision Approach and Landing Systems (JPALS) to the U.S. Navy, achieving on-time or early delivery. JPALS enhances aircraft navigation and landing safety regardless of weather or sea conditions, and is integrated on F-35 aircraft. The system is also deployed on U.S. Navy carriers and will support the Japan Maritime Self-Defense Force by 2024. The company has developed a portable variant, eJPALS, for remote landings. This milestone reflects a decade of teamwork and commitment from Raytheon's employees.

On March 6, 2023, Pratt & Whitney, part of Raytheon Technologies (NYSE: RTX), secured a $5.2 billion contract for the production of the 15th and 16th lots of F135 engines, with options for a 17th lot. This contract supports the F-35 Lightning II fighter aircraft and encompasses a total contract value of approximately $8 billion for lots 15-17. The deal includes funding for production management, engineering support, and tooling for up to 518 engines. Pratt & Whitney's efforts have successfully reduced the average unit cost of an F135 engine by over 50%, yielding projected savings of $8.1 billion since the program's inception.

Raytheon Technologies (NYSE: RTX) announced a significant contract win valued at over $250 million from the Space Development Agency. This award involves the design, development, and delivery of a seven-vehicle missile tracking satellite constellation. Once operational, this constellation will enhance missile warning and tracking capabilities for the Department of Defense, marking it as an essential component of the Proliferated Warfighter Space Architecture. The initiative aims to improve tracking of emerging threats, such as hypersonic missiles, by utilizing advanced technologies and existing designs.