RTX Corp Stock Price, News & Analysis

Raytheon Technologies (NYSE: RTX) has been awarded two projects by the U.S. Department of Energy aimed at exploring hydrogen and ammonia as zero-carbon fuels for electricity generation. The first project will validate the use of hydrogen in Mitsubishi Power Aero's FT4000® gas turbine. The second project, in collaboration with the University of Connecticut, focuses on ammonia as a sustainable fuel for turbines, highlighting its advantages in storage and transportation. These initiatives reflect Raytheon's commitment to advancing sustainable energy technologies.

Raytheon Missiles & Defense and Northrop Grumman successfully conducted their second flight test of the Hypersonic Air-breathing Weapon Concept (HAWC) for the U.S. Air Force and DARPA on July 18, 2022. The test validated tactical range capabilities and demonstrated progress in scramjet technology, essential for hypersonic weapons. This advancement allows for faster target acquisition, potentially evading traditional defense systems. The partnership aims to deliver next-gen tactical missile systems, further enhancing the U.S.'s weapon capabilities in hypersonics.

Raytheon Technologies (NYSE: RTX) is set to report its second quarter 2022 earnings on July 26, 2022, before the stock market opens. A conference call will follow at 8:30 a.m. ET, available for live webcast on the company's website. Investors and analysts can download a presentation prior to the call. Raytheon Technologies, headquartered in Arlington, Virginia, is a leading aerospace and defense firm formed in 2020 from the merger of Raytheon Company and United Technologies Corporation's aerospace businesses.

Raytheon Intelligence & Space showcased its Joint All Domain Command and Control capabilities at the Valiant Shield 22 exercise, successfully collecting and distributing targeting data in a simulated military environment. The Multi-Program Testbed (RMT), using radar and electronic intelligence, demonstrated rapid data synthesis and sharing among various defense platforms. This exercise underscores Raytheon’s commitment to enhancing military operations by providing swift, accurate data solutions, potentially improving battlefield decision-making and operational readiness.

Raytheon Missiles & Defense, a unit of Raytheon Technologies (NYSE: RTX), has secured a $41 million modification to an Other Transaction Agreement from the Missile Defense Agency, raising the total value to $62 million. This funding will advance the Glide Phase Interceptor (GPI), a counter-hypersonic missile designed to intercept threats in the glide phase of flight. The project aims to leverage existing missile defense technologies, enhancing efficiency and reducing development timelines.

Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service company, has partnered with Collins Aerospace to secure NASA's Exploration Extravehicular Activity (xEVAS) services contract. This program, valued at up to $3.5 billion through 2034, will focus on developing new spacesuit capabilities for NASA’s International Space Station and Artemis missions. As a major subcontractor, Sidus aims to play a vital role in the design and manufacturing of these technologies, enhancing its revenue opportunities through strategic partnerships.

Raytheon Technologies (NYSE: RTX) has announced the establishment of its global headquarters in Arlington, Virginia, effective June 7, 2022. This strategic move aims to enhance support for U.S. government and commercial aerospace clients and strengthen partnerships in advancing innovative technologies. The new headquarters will be located in the Rosslyn neighborhood, close to existing operations of the company's four business units in Virginia. Remarkably, Raytheon has not sought any financial incentives from state or local authorities for this transition.

Raytheon Technologies Corporation (NYSE: RTX) declared a dividend of 55 cents per share, payable on Sept. 8, 2022, to shareholders of record by Aug. 19, 2022. This continues a streak of annual cash dividends since 1936, reflecting the company's commitment to returning value to shareholders. Raytheon Technologies, formed in 2020, operates in the aerospace and defense sector, providing various advanced systems for commercial and military applications.

Collins Aerospace, a Raytheon Technologies business, has been selected to manufacture NASA's next-generation spacesuit for missions to the International Space Station and the Moon. This new suit, designed by astronauts, offers enhanced mobility, is lighter, and accommodates a variety of body types. The modular design will allow rapid incorporation of new technologies. Collins Aerospace has a rich legacy in spacesuit development, having designed suits for both the Moon landing and current ISS operations.