RTX Corp Stock Price, News & Analysis

Raytheon Technologies Corporation (RTX) has declared a quarterly dividend of 51 cents per share, which is a 7% increase from the previous quarter. This dividend will be paid on June 17, 2021 to shareholders on record by May 21, 2021. Chief Executive Officer Greg Hayes emphasized the company's commitment to delivering consistent cash returns, with an anticipated return of $18 to $20 billion to shareholders in the four years following their merger. RTX has a long history of paying cash dividends, having done so consistently since 1936.

Raytheon Technologies (NYSE: RTX) has appointed Dr. Bernard A. Harris Jr. to its board of directors. Harris, a former NASA astronaut and current CEO of Vesalius Ventures, brings vast expertise in space exploration and technology innovation. His experience spans over 438 hours in space and leadership roles in healthcare and education. CEO Greg Hayes expressed confidence that Harris's insights will enhance corporate development and community initiatives. Harris's commitment aligns with the company's goals in innovation and community development, marking a significant addition to the leadership team.

Raytheon Technologies (RTX) has launched a five-year partnership with SMASH, a program dedicated to providing STEM education for students of color. The initiative aims to support over 600 high school and college students with scholarships, internships, and educational opportunities. Key offerings include the SMASH Academy, which provides a three-year college prep program, and SMASH Rising, offering pre-internship opportunities. Additionally, Raytheon will prioritize SMASH scholars for internship placements and award scholarships annually. This partnership aligns with Raytheon's $500 million Connect Up initiative to tackle societal challenges.

Raytheon Technologies (NYSE: RTX) will host an investor day on May 18, 2021, featuring presentations from management from 10:30 a.m. to 2:30 p.m. ET. CEO Greg Hayes and the executive team will discuss the company's long-term growth strategy and outlook. The meeting will be streamed live on the Internet at investors.rtx.com and archived afterward. Raytheon Technologies, formed in 2020 from the merger of Raytheon Company and United Technologies, specializes in aerospace and defense systems.

Raytheon Technologies (NYSE: RTX) announced the resignation of Chief Financial Officer Anthony O'Brien, effective immediately. Neil Mitchill, previously vice president of financial planning and analysis, has been appointed as the new CFO, reporting directly to CEO Greg Hayes. Mitchill's extensive experience includes his role as CFO of Pratt & Whitney and financial leadership at United Technologies Corporation. The company also provided a positive first-quarter sales outlook, expecting results to exceed prior estimates, with EPS projected between $0.87 and $0.90.

On April 7, 2021, the U.S. Air Force selected Collins Aerospace, a division of Raytheon Technologies (RTX), to design a new wheel and carbon brake for the B-52 Stratofortress. This modernization aims to retrofit 77 aircraft, extending their operational life into the 2050s. The new wheel will utilize DURACARB®, enhancing wear life and safety during landings by managing higher thermal loads. Collins Aerospace, a key supplier for various military platforms, is also exploring further B-52 modernization efforts including upgrades to communication and avionics systems.

Raytheon Technologies (NYSE: RTX) will release its Q1 2021 earnings on April 27, prior to market opening. A conference call is scheduled for 8:30 a.m. ET on the same day, where analysts can ask questions after prepared remarks. The call will be accessible via phone or live stream on the company's website, and a recording will be available for replay until May 11. Raytheon Technologies delivers advanced systems and services for aerospace and defense customers globally, having formed in 2020 from the merger of Raytheon Company and United Technologies Corporation.

Raytheon Technologies (NYSE: RTX) has launched Connect Up, a 10-year, $500 million corporate responsibility initiative focusing on key societal challenges. The program aims to enhance community investment through lifelong learning, veteran support, and local engagement. Key efforts include promoting STEM education access for underrepresented groups, aiding military personnel in education and workforce transition, and collaborating with local organizations like Feeding America. Additionally, the initiative encourages employee volunteerism, targeting 1 million acts of service in 2021.

Raytheon Intelligence & Space will maintain the U.S. government's Relocatable Over-the-Horizon Radar (ROTHR) system under a $146 million, five-year contract. Originally designed for tracking aircraft and ships, ROTHR plays a crucial role in border security and drug smuggling interdiction, helping seize 26 metric tons of cocaine in 2020 alone. The contract covers operations at six locations in Puerto Rico, Texas, and Virginia, offering over 2.5 million square miles of coverage. The business generated $15 billion in pro forma annual revenue in 2020.