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.
Raytheon Technologies' Board has authorized a $6 billion stock repurchase program, replacing the previous December 2021 authorization. This initiative allows the company to buy back shares at its discretion, depending on market conditions. The program aims to enhance shareholder value amid its ongoing operations in aerospace and defense. As a forward-looking statement, the company indicates that share repurchases may vary due to various risks and uncertainties.
Collins Aerospace, part of Raytheon Technologies (NYSE: RTX), has secured a contract to design and develop a next-generation spacesuit for NASA's International Space Station. This contract marks Collins' first task order under NASA's xEVAS program, awarded in May 2022. The new suit boasts over 18,000 parts, providing essential life support systems for astronauts, and features an open architecture design for adaptability. It aims to enhance astronaut performance with improved comfort and mobility while continuing Collins' legacy in space exploration.
RTX Ventures, the investment arm of Raytheon Technologies (NYSE: RTX), has acquired a minority stake in autonomous solutions company EpiSci. This investment aims to bolster EpiSci's Tactical AI technology, enhancing its capabilities in creating trusted human-AI collaboration in defense applications. EpiSci plans to advance its model-based autonomy systems across various domains including land, sea, air, and space. The partnership aligns with Raytheon's focus on developing innovative technologies in secure ecosystems and artificial intelligence.
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On November 29, 2022, Pratt & Whitney, a Raytheon Technologies business, celebrated the delivery of the first PW127XT-M engine-powered ATR 72-600 aircraft to Air Corsica. This new engine series promises a 3% increase in fuel efficiency over existing models, contributing to lower operational costs and improved sustainability. A 15-year Fleet Management Program agreement was also signed, ensuring predictable engine maintenance costs. The PW127XT engine offers significant benefits, with a 40% greater fuel efficiency compared to regional jets, enhancing competitive advantage in regional aviation.
On November 8, 2022, at 9:30 a.m. Eastern Time, Neil Mitchill, CFO of Raytheon Technologies (NYSE: RTX), will present at Baird's 2022 Global Industrial Conference. The presentation will be available for live broadcast at www.rtx.com and will also be archived on the site for later viewing. Raytheon Technologies is recognized for its advanced aerospace and defense systems, serving various clients globally through its four main sectors: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense.
Raytheon Technologies (RTX) reported Q3 2022 sales of $17.0 billion, a 5% increase year-over-year, driven by 6% organic growth. GAAP EPS rose to $0.94, while adjusted EPS fell 4% to $1.21. Operating cash flow was $778 million with free cash flow of $263 million. RTX aims for full-year sales between $67.0 - $67.3 billion and confirmed a $4 billion free cash flow outlook. The backlog reached $168 billion, bolstered by notable defense contracts worth over $4 billion. The company continues to focus on cost containment and operational excellence amid ongoing industry challenges.
Raytheon Technologies (NYSE: RTX) declared a quarterly dividend of 55 cents per share, set to be paid on December 15, 2022 to shareholders of record by November 18, 2022. The company has maintained annual cash dividends since 1936, reflecting its commitment to returning value to shareholders. However, the release includes cautionary notes indicating that future dividends may fluctuate due to various risks and uncertainties, emphasizing that past dividend payments do not guarantee future distributions.
On October 11, 2022, Pratt & Whitney, a Raytheon Technologies business (NYSE: RTX), celebrated the arrival of Frontier Airlines' first Airbus A321neo at Tampa International Airport. Named "Frederick the Bald Eagle," this aircraft is equipped with Pratt & Whitney's GTF engines. This marks the beginning of Frontier's fleet expansion, which includes 144 A320neo family aircraft. The GTF engines enhance operational efficiency by reducing fuel consumption and emissions, aligning with industry goals for sustainability and net-zero carbon emissions by 2050. Frontier aims to pass savings to customers through its new, environmentally friendly fleet.
RTX Ventures, the venture capital arm of Raytheon Technologies (RTX), has invested in H55, a Swiss electric propulsion company. This minority investment aims to enhance the development of electric aviation solutions. H55 is recognized for its expertise, including the Solar Impulse project, the first solar-powered airplane to circumnavigate the globe. The partnership will leverage H55's capabilities to accelerate hybrid-electric propulsion technologies, supporting the aviation industry's goal of achieving net zero CO2 emissions by 2050.
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