RTX Corp Stock Price, News & Analysis

RTX Ventures, the venture capital arm of Raytheon Technologies (RTX), has invested in H55, a Swiss electric propulsion company. This minority investment aims to enhance the development of electric aviation solutions. H55 is recognized for its expertise, including the Solar Impulse project, the first solar-powered airplane to circumnavigate the globe. The partnership will leverage H55's capabilities to accelerate hybrid-electric propulsion technologies, supporting the aviation industry's goal of achieving net zero CO₂ emissions by 2050.

Raytheon Technologies (NYSE: RTX) will release its third quarter 2022 earnings results on Tuesday, Oct. 25, before the market opens. A live conference call is scheduled for 8:30 a.m. ET, which will also be available for replay. Investors can download a presentation related to the conference call in advance on the company's website. Raytheon Technologies specializes in aerospace and defense, providing advanced systems for commercial, military, and government clients globally, formed in 2020 from the merger of Raytheon Company and United Technologies Corporation.

Raytheon Missiles & Defense, in partnership with Northrop Grumman, has been selected by the U.S. Air Force to develop the Hypersonic Attack Cruise Missile (HACM). This innovative weapon is part of the Southern Cross Integrated Flight Research Experiment and aims to enhance the U.S. military's capabilities against emerging threats. The HACM boasts scramjet propulsion, allowing it to fly at speeds exceeding Mach 5, making it difficult for defensive systems to intercept. This collaboration represents a strategic advancement in hypersonic weapons technology.

Raytheon Technologies has secured a $375 million contract from the FAA to enhance the Wide-Area Augmentation System (WAAS) over the next ten years. This contract includes immediate task orders valued at $215 million for technical updates and Dual Frequency Operation (DFO) upgrades that promise safer air travel. The modernization aims to improve system performance during ionospheric disturbances, enhancing reliability for aviation and other sectors reliant on GPS corrections. Work will be based in Fullerton, California.

Raytheon Technologies (NYSE: RTX) has revised its full-year 2022 free cash flow expectation to approximately $4.0 billion, down from an estimated $6.0 billion. The adjustment is due to new legislation requiring capitalization of Research and Experimentation for tax purposes. The company reaffirms its sales outlook of $67.75 - $68.75 billion and projects adjusted earnings per share of $4.60 - $4.80, along with a share repurchase plan of at least $2.5 billion.

Raytheon Technologies (NYSE: RTX) Chairman and CEO Greg Hayes will speak at the Morgan Stanley 10th Annual Laguna Conference on September 14 at 11:45 a.m. Eastern Time. The live presentation can be viewed at www.rtx.com and will be archived for later access. Established in 2020, Raytheon Technologies combines advanced aerospace and defense systems with a focus on innovation in areas such as cybersecurity and hypersonics.

Raytheon Missiles & Defense has secured a $972 million contract for upgraded AMRAAM missiles from the U.S. Air Force. This marks the first contract for the production of the AIM-120D3 and AIM-120C8 missiles, developed under the Form, Fit, Function Refresh (F3R) program. The contract not only supplies missiles to the U.S. military but also extends production to 19 allied countries. The upgraded missiles provide enhanced capabilities against advanced threats, with successful live-fire tests already conducted in June 2022.

Raytheon Missiles & Defense has secured a $182 million contract for the National Advanced Surface-to-Air Missile System (NASAMS) to support Ukraine in defending against air threats. This adaptable mid-range air defense system is developed in collaboration with Norway’s Kongsberg Defence & Aerospace. Raytheon aims to quickly deliver these critical capabilities to Ukraine, enhancing defense against cruise missiles, aircraft, and UAVs. The NASAMS system is already in use by a dozen nations globally.

Raytheon Technologies (NYSE: RTX) has invested in VerdeGo Aero to enhance hybrid-electric propulsion technologies for advanced air mobility. As the lead investor in VerdeGo's $12 million Series A funding round, RTX Ventures aims to innovate in sustainable aviation, supporting the development of powerplants converting fuel into electric power. This collaboration with Pratt & Whitney is expected to expand VerdeGo Aero's hybrid powertrain portfolio, crucial for achieving net-zero CO₂ emissions by 2050.