RTX Corp Stock Price, News & Analysis

Raytheon Technologies (NYSE: RTX) has partnered with American Airlines to enhance aircraft data management through the Collins InteliSight™ Aircraft Interface Device. Over 500 aircraft will be equipped with this device, including the entire Boeing 737NG fleet and most Airbus A320s. This collaboration aims to improve safety, reliability, and operational efficiency by capturing data in real-time and eliminating the need for manual retrieval. American Airlines has already installed the system on over 200 aircraft, achieving a data capture rate increase from 85% to over 99%, facilitating better safety reviews and maintenance planning. The partnership underscores Raytheon Technologies’ commitment to innovate in the aerospace and defense sector, promoting environmentally sustainable practices in airline operations.

Raytheon Technologies (RTX) reported a 10% sales growth in Q1 2023, reaching $17.2 billion in revenue. The GAAP EPS rose to $0.97, marking a 31% increase year-over-year, while adjusted EPS grew 6% to $1.22. Operating cash outflow was $863 million with a free cash outflow of $1.38 billion. The company's backlog reached a record $180 billion, including $71 billion from defense and $109 billion from commercial sectors. RTX achieved $50 million in gross cost synergies and repurchased $562 million in shares. The company reaffirmed its full-year outlook of $72 billion to $73 billion in sales and $4.90 to $5.05 in adjusted EPS.