RTX Corp Stock Price, News & Analysis

IBM and Raytheon Technologies have announced a strategic collaboration to develop artificial intelligence, cryptographic, and quantum solutions tailored for the aerospace, defense, and intelligence sectors. This partnership aims to enhance system design, secure communication networks, and improve decision-making processes. The collaboration combines IBM's innovations with Raytheon's aerospace expertise, addressing critical challenges in cybersecurity as quantum technologies evolve. A dedicated team will accelerate the integration of IBM's technologies into active programs and identify long-term solutions.

Raytheon Technologies (NYSE: RTX) will announce its third quarter 2021 earnings on October 26, before market opening. A conference call is scheduled for 8:30 a.m. ET on the same day, with a presentation available for download on the company's website.

Investors can listen via phone by dialing (866) 219-7829 between 8:10 a.m. and 8:30 a.m. ET. The call will also be streamed live online, with a recording accessible after the event.

Raytheon Missiles & Defense and Northrop Grumman completed the first flight test of a scramjet-powered Hypersonic Air-breathing Weapon Concept (HAWC) for the Defense Advanced Research Projects Agency and U.S. Air Force. The test validated HAWC's capabilities, reaching hypersonic speeds and enhancing national security. Colin Whelan of Raytheon stated this success paves the way for affordable hypersonic systems. Both companies are committed to accelerating the development of tactical missile systems through their teaming agreement.

Raytheon Missiles & Defense, in partnership with Northrop Grumman, has completed the first flight test of the HAWC hypersonic weapon for the U.S. Air Force and DARPA. The test demonstrated the weapon's capability to achieve and sustain hypersonic speeds, a vital enhancement for national security. This scramjet-powered missile, which can travel at Mach 5 or greater, signifies a major advancement in missile technology, enabling rapid strikes that can evade traditional defense systems. Both companies aim to deliver a prototype system, with significant implications for future combat capabilities.

Raytheon Missiles & Defense and Northrop Grumman successfully conducted the first flight test of the scramjet-powered Hypersonic Air-breathing Weapon Concept (HAWC) for the U.S. Air Force. This historic test, which validated HAWC's capability to reach hypersonic speeds (Mach 5+), paves the way for developing an affordable, long-range hypersonic system. This advancement is expected to strengthen national security and enhance warfighting capabilities by enabling hypersonic weapons to evade traditional defense systems.

Raytheon Intelligence & Space has inaugurated a new 178,000-square-foot Advanced Integration and Manufacturing Center in McKinney, Texas, backed by a $100 million investment. This facility is expected to create 500 skilled jobs. The company also plans to construct a 400,000-square-foot factory by 2025, adding another 700 jobs. The expansion aims to enhance digital capabilities, improve efficiency, and meet growing customer demand. By integrating technologies like AI and data analytics, Raytheon aims to innovate and grow its operations significantly.

Raytheon Technologies (NYSE: RTX) announced a definitive agreement to acquire SEAKR Engineering, a leading supplier of advanced space electronics, enhancing its capabilities in the space sector. The acquisition, pending regulatory approvals, positions SEAKR as a wholly-owned subsidiary under Raytheon Intelligence & Space. SEAKR, with over 540 employees, boasts a 100% on-orbit success rate across 300 flight units. This strategic move aims to expand Raytheon's core space business and accelerate innovation in space technology.

Collins Aerospace, a unit of Raytheon Technologies (NYSE: RTX), introduced Lilac-UV, a new ultraviolet lighting solution designed to sanitize aircraft interiors effectively. This innovative system can disinfect surfaces in seconds and can be programmed for scheduled cleanings or used manually. Developed in collaboration with Boeing, Lilac-UV aims to enhance passenger safety and confidence in air travel. The system is adaptable, requiring minimal installation changes, and includes an intelligent dosage controller for efficient operation. It is a finalist for the 2021 Crystal Cabin Award in the Clean & Safe Air Travel category.

On August 30, 2021, Collins Aerospace, a division of Raytheon Technologies (RTX), announced its plan to acquire FlightAware, a leader in digital aviation and flight tracking solutions. The acquisition will place FlightAware under Collins' Information Management Services within its Avionics business unit. While the financial details remain undisclosed, the deal aims to enhance global connectivity and innovation in aviation efficiency. FlightAware, known for its extensive flight data analytics, will help Collins unlock new capabilities for its customers.