RTX Corp Stock Price, News & Analysis

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.

Neural Propulsion Systems (NPS) has secured a Series B strategic investment from RTX Ventures, the venture capital arm of Raytheon Technologies (RTX). This funding will advance NPS's hyper-resolution digital imaging radar technology, aiming for a radar system with 10 times better resolution and 2.5 times greater range for mobility and defense applications. The radar market is projected to reach $28 billion by 2025, with NPS's AtomicSense platform poised to disrupt this industry by improving scanning speed and reliability. NPS's patented algorithms enhance radar performance, addressing complex challenges in mobility and defense.

Raytheon Technologies (NYSE: RTX) has received a $135 million contract from the U.S. Air Force Life Cycle Management Center to produce advanced NP2000 propeller systems for C-130 aircraft. The contract includes manufacturing and supporting the electronic control system and spare parts. The NP2000 system features eight composite blades designed for enhanced performance, reliability, and maintainability. This modernization effort aims to improve flight safety and reduce operational costs. Work will be executed in Windsor Locks, Connecticut. Raytheon Technologies reported $67 billion in sales for 2022.

Raytheon Technologies (NYSE: RTX) Chairman and CEO Greg Hayes will present at the Barclays Industrial Select Conference on February 22, 2023, at 9:10 a.m. ET. The presentation will be live-streamed and available for later viewing on www.rtx.com. Raytheon Technologies is the largest aerospace and defense company globally, employing 180,000 team members with 2022 sales reaching $67 billion. The company is headquartered in Arlington, Virginia, and focuses on advancing aviation, defense systems, and innovative space technologies.

Raytheon Technologies (NYSE: RTX) will have its Chief Operating Officer, Chris Calio, speaking at Citi's 2023 Global Industrial Tech and Mobility Conference on February 22 at 1:50 p.m. Eastern Time. The presentation will be available for live streaming and later archived at www.rtx.com. Raytheon Technologies, headquartered in Arlington, Virginia, is the largest aerospace and defense firm globally, boasting $67 billion in sales for 2022, and employs 180,000 people dedicated to innovation in aviation and defense systems.

Raytheon Technologies Corporation (NYSE: RTX) announced a quarterly cash dividend of 55 cents per share, payable on March 23, 2023, to shareholders on record by February 24, 2023. The company has a long history of paying dividends, consistently since 1936. In 2022, Raytheon generated $67 billion in sales and is recognized as the largest aerospace and defense company globally.

Raytheon Technologies Corporation (RTX) reported Q4 2022 sales of $18.1 billion, with GAAP EPS of $0.96 and adjusted EPS of $1.27. The company achieved $130 million in gross cost synergies and ended the year with a backlog of $175 billion, including $69 billion in defense contracts. For 2023, RTX projects sales between $72.0 - $73.0 billion and adjusted EPS between $4.90 - $5.05, along with expected free cash flow of $4.8 billion. The firm plans to repurchase $3.0 billion in shares and is focused on capital investments to enhance productivity while returning $20 billion to shareholders by early 2024.

BENGALURU, India, Jan. 19, 2023 /PRNewswire/ -- Raytheon Technologies' Pratt & Whitney has inaugurated its new India Engineering Center (IEC) in Bengaluru, co-located with the existing India Capabilities Center. The IEC will employ over 500 people within four years and enhance Raytheon Technologies' presence in India, which exceeds 5,000 employees. The facility focuses on advanced aerospace technology and supports various products within Pratt & Whitney's commercial engine portfolio. Notably, Pratt & Whitney has contributed over $1 billion in savings to Indian airlines through its GTF engines.

Raytheon Technologies (NYSE: RTX) has appointed Leanne G. Caret to its board of directors. Caret, a prominent figure in the aerospace and defense sector, previously held senior roles at Boeing, including executive vice president and CEO of Boeing Defense, Space & Security. CEO Greg Hayes highlighted Caret's leadership skills and customer-focused approach as significant benefits for Raytheon and its shareholders. Caret's extensive experience includes various leadership positions within Boeing, and she holds degrees in business administration from Kansas State University and Wichita State University. Her appointment aims to drive innovation and strengthen leadership within Raytheon Technologies.