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 (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.
Raytheon Technologies (NYSE: RTX) will release its third quarter 2022 earnings results on Tuesday, Oct. 25, before the market opens. A live conference call is scheduled for 8:30 a.m. ET, which will also be available for replay. Investors can download a presentation related to the conference call in advance on the company's website. Raytheon Technologies specializes in aerospace and defense, providing advanced systems for commercial, military, and government clients globally, formed in 2020 from the merger of Raytheon Company and United Technologies Corporation.
Raytheon Missiles & Defense, in partnership with Northrop Grumman, has been selected by the U.S. Air Force to develop the Hypersonic Attack Cruise Missile (HACM). This innovative weapon is part of the Southern Cross Integrated Flight Research Experiment and aims to enhance the U.S. military's capabilities against emerging threats. The HACM boasts scramjet propulsion, allowing it to fly at speeds exceeding Mach 5, making it difficult for defensive systems to intercept. This collaboration represents a strategic advancement in hypersonic weapons technology.
Raytheon Technologies has secured a $375 million contract from the FAA to enhance the Wide-Area Augmentation System (WAAS) over the next ten years. This contract includes immediate task orders valued at $215 million for technical updates and Dual Frequency Operation (DFO) upgrades that promise safer air travel. The modernization aims to improve system performance during ionospheric disturbances, enhancing reliability for aviation and other sectors reliant on GPS corrections. Work will be based in Fullerton, California.
Raytheon Technologies (NYSE: RTX) has revised its full-year 2022 free cash flow expectation to approximately $4.0 billion, down from an estimated $6.0 billion. The adjustment is due to new legislation requiring capitalization of Research and Experimentation for tax purposes. The company reaffirms its sales outlook of $67.75 - $68.75 billion and projects adjusted earnings per share of $4.60 - $4.80, along with a share repurchase plan of at least $2.5 billion.
Raytheon Technologies (NYSE: RTX) Chairman and CEO Greg Hayes will speak at the Morgan Stanley 10th Annual Laguna Conference on September 14 at 11:45 a.m. Eastern Time. The live presentation can be viewed at www.rtx.com and will be archived for later access. Established in 2020, Raytheon Technologies combines advanced aerospace and defense systems with a focus on innovation in areas such as cybersecurity and hypersonics.
Raytheon Missiles & Defense has secured a $972 million contract for upgraded AMRAAM missiles from the U.S. Air Force. This marks the first contract for the production of the AIM-120D3 and AIM-120C8 missiles, developed under the Form, Fit, Function Refresh (F3R) program. The contract not only supplies missiles to the U.S. military but also extends production to 19 allied countries. The upgraded missiles provide enhanced capabilities against advanced threats, with successful live-fire tests already conducted in June 2022.
Raytheon Missiles & Defense has secured a $182 million contract for the National Advanced Surface-to-Air Missile System (NASAMS) to support Ukraine in defending against air threats. This adaptable mid-range air defense system is developed in collaboration with Norway’s Kongsberg Defence & Aerospace. Raytheon aims to quickly deliver these critical capabilities to Ukraine, enhancing defense against cruise missiles, aircraft, and UAVs. The NASAMS system is already in use by a dozen nations globally.