Welcome to our dedicated page for RTX news (Ticker: RTX), a resource for investors and traders seeking the latest updates and insights on RTX stock.
RTX Corporation (NYSE: RTX) is described as the world’s largest aerospace and defense company, and its news flow reflects activity across commercial aviation, defense and space. Company announcements highlight developments from its businesses Collins Aerospace, Pratt & Whitney, Raytheon and Blue Canyon Technologies, as well as corporate updates from its Arlington, Virginia headquarters.
News items from Collins Aerospace include contracts and technology demonstrations in air traffic management and navigation. For example, Collins Aerospace has been awarded a major Federal Aviation Administration contract to support the Radar System Replacement program for the U.S. National Airspace System, delivering next-generation cooperative and non-cooperative radar systems. It has also showcased anti-jam Assured Positioning, Navigation and Timing solutions using Compact Modular Open Systems Standards (CMOSS) Mounted Form Factor cards for ground vehicles in contested environments.
Pratt & Whitney news covers aircraft propulsion and engine development. The business has announced work on a new family of engines, developed by its GATORWORKS team, intended for applications such as munitions and Collaborative Combat Aircraft, with a focus on scalability, development speed and affordability.
Raytheon-related news spans air and missile defense, radar and electronic warfare. Recent releases include contracts to supply Patriot air and missile defense systems and related equipment to countries such as Spain and Romania, as well as a contract to equip a U.S. Air Force autonomous test aircraft with PhantomStrike radar. Raytheon has also reported progress on an Advanced Electronic Warfare prototype for the U.S. Navy’s F/A-18E/F Super Hornet.
RTX news also covers space activities through Blue Canyon Technologies, such as the launch of a Saturn-200 minisatellite platform for NASA’s Pandora mission to study exoplanet atmospheres. In addition, corporate communications include earnings release schedules, responses to unsolicited mini-tender offers for RTX shares, and other regulatory or cybersecurity updates disclosed through press releases and SEC filings.
Investors and observers can use the RTX news stream to follow contract awards, technology milestones, aerospace and defense program updates, and corporate announcements that illustrate how the company’s businesses operate across aviation, defense and space.
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Raytheon Technologies (NYSE: RTX) has partnered with American Airlines to enhance aircraft data management through the Collins InteliSight™ Aircraft Interface Device. Over 500 aircraft will be equipped with this device, including the entire Boeing 737NG fleet and most Airbus A320s. This collaboration aims to improve safety, reliability, and operational efficiency by capturing data in real-time and eliminating the need for manual retrieval. American Airlines has already installed the system on over 200 aircraft, achieving a data capture rate increase from 85% to over 99%, facilitating better safety reviews and maintenance planning. The partnership underscores Raytheon Technologies’ commitment to innovate in the aerospace and defense sector, promoting environmentally sustainable practices in airline operations.
Raytheon Technologies (RTX) reported a 10% sales growth in Q1 2023, reaching $17.2 billion in revenue. The GAAP EPS rose to $0.97, marking a 31% increase year-over-year, while adjusted EPS grew 6% to $1.22. Operating cash outflow was $863 million with a free cash outflow of $1.38 billion. The company's backlog reached a record $180 billion, including $71 billion from defense and $109 billion from commercial sectors. RTX achieved $50 million in gross cost synergies and repurchased $562 million in shares. The company reaffirmed its full-year outlook of $72 billion to $73 billion in sales and $4.90 to $5.05 in adjusted EPS.
Raytheon Technologies Corporation (RTX) has declared a quarterly cash dividend of
Raytheon Technologies (NYSE: RTX) has launched RAIVEN, an advanced electro-optical intelligent-sensing capability designed to enhance pilot performance through faster and more accurate threat identification. This innovative system utilizes artificial intelligence, hyperspectral imaging, and LiDAR technology, allowing operators to detect threats up to five times farther and more clearly than traditional systems.
RAIVEN aims to improve platform survivability and streamline decision-making processes, significantly reducing pilot workload while accelerating engagement timelines against adversaries. The modular system builds on Raytheon's established Multi-Spectral Targeting System family, enhancing mission versatility without changing size, weight, or power requirements. Initial testing of the RAIVEN system, specifically the RT-1000 version, is scheduled for 2024, as part of the U.S. Army's Future Vertical Lift modernization.
Raytheon Technologies (NYSE: RTX) has secured a $237 million contract from the U.S. Army for Ku-band Radio Frequency Sensors (KuRFS) and Coyote® effectors aimed at enhancing defense against unmanned aircraft. This contract supports U.S Central Command operations and includes both fixed-site and mobile systems. KuRFS offers advanced 360-degree threat detection, while Coyote effectors are designed to defeat drones. The integration of these systems within the Army’s Low, slow, small-unmanned aircraft Integrated Defeat System (LIDS) provides a robust defense solution against aerial threats. With 2022 sales of $67 billion, Raytheon continues to lead in aerospace and defense innovations.
The U.S. Air Force has successfully completed the Functional Configuration Audit for the AIM-120D-3, the latest variant of Raytheon Technologies' Advanced Medium Range Air-to-Air Missile. This milestone indicates the missile is on schedule for operational deployment within the year. The AIM-120D-3 features advanced hardware and enhanced software capabilities designed to counter both current and future threats. Integrated on multiple platforms across 42 countries, it is the first air-to-air weapon able to engage peer threats at extended ranges. Following rigorous testing including live firings, the F3R program continues with the AIM-120 C-8 variant, aimed at international clients. Raytheon Technologies, headquartered in Arlington, Virginia, reported $67 billion in sales for 2022, solidifying its position as a leader in aerospace and defense.
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