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 announced a strategic partnership with SpiderOak to develop advanced zero-trust security systems for satellite communications in proliferated low-Earth orbit (pLEO). This collaboration aims to combine SpiderOak's OrbitSecure solution with Raytheon BBN's Distributed, Disrupted, Disconnected and Denied (D4) secure cloud solution to enhance network resilience in contested environments. The partnership targets creating secure and efficient pLEO communications essential for military and commercial applications. Key locations for this initiative include Cambridge, Massachusetts; Reston, Virginia; and Centennial, Colorado. The project will integrate capabilities into space-qualified hardware over the next year, with a focus on addressing cyber and kinetic threats.
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Raytheon Technologies (NYSE: RTX) will announce its first quarter 2023 earnings on April 25, 2023, prior to market opening. A conference call is scheduled for 8:30 a.m. ET on the same day, which will be accessible via live webcast on their website. The company, headquartered in Arlington, Virginia, reported sales of $67 billion in 2022, making it the world's largest aerospace and defense firm. Investors and media can find further information and participate in the conference via the company's official channels.
Raytheon Technologies (NYSE: RTX) secured a $1.2 billion contract from the U.S. Army to supply the Patriot™ air defense system to Switzerland. This marks Switzerland as the 18th global partner and the eighth European nation to adopt this advanced military technology. The contract encompasses five Patriot fire units and Guidance Enhanced Missiles (GEM-T) designed to counter tactical ballistic missiles and cruise missiles. Additionally, Raytheon will collaborate with Swiss industries, enhancing local participation in the management of this sophisticated air defense capability. The contract was officially announced on March 28, 2023.
Raytheon Technologies (NYSE: RTX) has successfully delivered all 23 contracted Joint Precision Approach and Landing Systems (JPALS) to the U.S. Navy, achieving on-time or early delivery. JPALS enhances aircraft navigation and landing safety regardless of weather or sea conditions, and is integrated on F-35 aircraft. The system is also deployed on U.S. Navy carriers and will support the Japan Maritime Self-Defense Force by 2024. The company has developed a portable variant, eJPALS, for remote landings. This milestone reflects a decade of teamwork and commitment from Raytheon's employees.
On March 6, 2023, Pratt & Whitney, part of Raytheon Technologies (NYSE: RTX), secured a $5.2 billion contract for the production of the 15th and 16th lots of F135 engines, with options for a 17th lot. This contract supports the F-35 Lightning II fighter aircraft and encompasses a total contract value of approximately $8 billion for lots 15-17. The deal includes funding for production management, engineering support, and tooling for up to 518 engines. Pratt & Whitney's efforts have successfully reduced the average unit cost of an F135 engine by over 50%, yielding projected savings of $8.1 billion since the program's inception.
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.
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