RTX Corp Stock Price, News & Analysis

Raytheon Missiles & Defense, a Raytheon Technologies business (NYSE: RTX), has secured a $651 million contract, which includes options totaling $2.5 billion, for full-rate production of the AN/SPY-6(V) Family of Radars. This five-year contract is aimed at equipping up to 31 U.S. Navy ships with advanced radar systems, enhancing air and missile defense capabilities. Over $600 million has been invested in the SPY-6 radars, which offer superior electronic warfare protection and detection abilities compared to legacy systems. The first installation will be operational in 2024.

Raytheon Technologies has appointed Barbara Borgonovi as the new senior vice president of Corporate Strategy & Development, effective April 1, 2022. She brings over two decades of experience in defense and aerospace, previously serving as president of the Intelligence, Surveillance and Reconnaissance Systems unit. Borgonovi will be responsible for enhancing profitability and pursuing merger and acquisition opportunities. This transition follows Michael Dumais' move to an outside strategic advisor role, aiming for continued leadership in the aerospace and defense sectors.

Intelsat has appointed David Wajsgras as its new CEO, effective April 4. Wajsgras, who has extensive experience in the aerospace industry, succeeds Stephen Spengler, retiring after 18 years. Previously, Wajsgras was president of a $7.5 billion business at Raytheon Technologies (RTX) and CFO at Lear Corporation (LEA). The board highlights Wajsgras's leadership skills and believes he is well-suited to guide Intelsat during this pivotal time. The company aims to maintain its leading market position and further develop its global communications capabilities.

Raytheon Technologies Corporation (NYSE: RTX) has appointed Christopher T. Calio as chief operating officer, effective March 1, 2022, succeeding Shane G. Eddy as president of Pratt & Whitney. Calio, with over 20 years of executive experience in aerospace, previously led Pratt & Whitney through significant enhancements, including the GTF Advantage™ engine. Eddy, now president, has extensive industry leadership experience and will focus on further optimizing Pratt & Whitney's operations. CEO Greg Hayes emphasized Calio's leadership as vital for the company's growth and transformation.

Raytheon Technologies Corporation (NYSE: RTX) announced a dividend of 51 cents per share, payable on Mar. 24, 2022, to shareholders recorded by Feb. 25, 2022. The company has consistently paid dividends since 1936, emphasizing its commitment to returning value to investors. Raytheon Technologies operates in aerospace and defense, providing innovative solutions for commercial and military clients. While it expresses a strong dividend history, caution is advised regarding future dividends, as past performance does not guarantee future distributions due to various risks.

Raytheon Technologies (NYSE: RTX) Chairman and CEO Greg Hayes is set to address the Barclays Industrial Select Conference on February 23, 2022, at 10:20 a.m. ET. The event will be accessible via live broadcast and will also be archived for later viewing at www.rtx.com. Raytheon Technologies is a premier aerospace and defense enterprise, formed in 2020, focusing on innovative solutions across various sectors including cybersecurity, hypersonics, and quantum physics.

MassMutual has appointed Dr. Bernard A. Harris, Jr. to its Board of Directors, effective February 1, 2022. Dr. Harris, a former astronaut and business leader, is expected to bring a diverse range of experiences to the board. He has extensive expertise in healthcare technology and has served on multiple boards, including Raytheon Technologies (RTX) and U.S. Physical Therapy (USPH). MassMutual aims to leverage Dr. Harris's insights for future growth, reflecting its commitment to diverse governance practices.

Raytheon Technologies (RTX) reported Q4 2021 sales of $17.0 billion, a 4% increase year-over-year, with a GAAP EPS of $0.46 and adjusted EPS of $1.08. The company achieved $3.2 billion in operating cash flow and $2.2 billion in free cash flow. For the full year, RTX generated $64.4 billion in sales, with adjusted EPS of $4.27. The outlook for 2022 includes anticipated sales of $68.5 - $69.5 billion and free cash flow of approximately $6.0 billion.

Strong backlog at $156 billion reflects robust demand in both commercial aerospace and defense sectors.

RTX A/S has announced new additions to its Sheerlink ^TM wireless solutions during the NAMM 'Believe in Music Week' event on January 20-21, 2022. These innovations allow manufacturers to double the number of active TX devices on one receiver while maintaining usability, latency, and audio quality at minimal additional costs. Enhanced features include an auxiliary audio channel for increased versatility and deployment using RTX1290 or RTX1090 modules, simplifying design processes amidst component supply challenges. RTX aims to expand product portfolios for customers through these advancements.