RTX Corp Stock Price, News & Analysis

Blue Canyon Technologies, a subsidiary of Raytheon Technologies (NYSE: RTX), has been awarded a Phase 3 contract to develop six more satellites for DARPA’s Blackjack program. This decision is aimed at advancing national security through resilient low Earth orbit satellite coverage.

CEO George Stafford emphasized achieving unprecedented economies of scale and rapid deployment timelines. The satellites will leverage commercial technological advancements, ensuring performance at reduced costs, shorter design cycles, and upgradable capabilities, utilizing the multi-mission X-SAT bus design.

Raytheon Technologies (NYSE: RTX) CEO Greg Hayes is set to speak at the Barclays Industrial Select Conference on February 17, 2021, at 8:10 a.m. Eastern Time. The presentation will be live-streamed and available for later viewing on the company’s investor website. Raytheon Technologies, headquartered in Waltham, Massachusetts, offers advanced aerospace and defense systems and services, including solutions in avionics and cybersecurity, through its four major business sectors. The company was established in 2020 from the merger of Raytheon Company and United Technologies Corporation aerospace divisions.

Raytheon Technologies (NYSE: RTX) declared a 47.5 cents per share dividend on Feb. 6, 2021, payable on Mar. 25, 2021, to shareholders on record by Feb. 26, 2021. This marks a continuation of the company's commitment to shareholder returns, having paid cash dividends consistently since 1936.

Raytheon Technologies, formed in 2020 from the merger of Raytheon Company and United Technologies, operates within the aerospace and defense sectors, serving commercial, military, and government customers globally.

Raytheon Technologies CFO Toby O'Brien will present at Cowen's 42nd Annual Aerospace/Defense & Industrials conference on February 9, 2021, at 9:20 a.m. ET. The event can be accessed live at www.rtx.com and will be archived afterward. Raytheon Technologies, based in Waltham, Massachusetts, specializes in aerospace and defense, providing advanced systems for commercial, military, and government clients.

Raytheon Technologies (RTX) announced its Q4 and full-year 2020 results, reporting sales of $16.4 billion and adjusted EPS of $0.74. Despite a challenging environment, the company achieved $1.4 billion in operating cash flow and a robust defense backlog of $67.3 billion. For 2021, RTX forecasts sales between $63.4 and $65.4 billion, with an adjusted EPS of $3.40 to $3.70 and plans for $4.5 billion in free cash flow. The company authorized a $5 billion share repurchase program, with at least $1.5 billion earmarked for 2021.

On January 25, 2021, Pratt & Whitney, a division of Raytheon Technologies (RTX), announced a significant deal with Frontier Airlines for the supply of GTF engines to power 134 Airbus A320neo family aircraft. The contract includes 49 A320neo, 67 A321neo, and 18 A321XLR aircraft with deliveries starting in 2022. Furthermore, Pratt & Whitney will provide long-term maintenance through its EngineWise® service agreement. This partnership aims to enhance fuel efficiency, leading to operational cost reductions for Frontier.

Raytheon Technologies (NYSE: RTX) has appointed Michael Dumais as chief transformation officer to lead business transformation initiatives over the coming year. Having joined United Technologies Corporation in 1998, Dumais will report to CEO Gregory Hayes and oversee corporate strategy and development. His focus will be on enhancing operational efficiencies and reducing costs, particularly in light of challenges in the commercial aerospace sector. Dumais aims to leverage the company’s scale and capabilities to drive growth and improve value for stakeholders.

Raytheon UK, a subsidiary of Raytheon Technologies (NYSE: RTX), secured a £200 million contract to enhance training solutions for the Royal Navy over 12 years. The deal, in partnership with Capita, aims to modernize training processes and technologies, aligning with the Navy's transformation goals. Jeff Lewis, CEO of Raytheon UK, emphasized the commitment to deliver tailored, tech-driven training, enhancing agility within the Armed Forces. Rear Adm. Phil Hally noted it as a major milestone in Navy modernization, aiming to improve operational readiness and expedite frontline training.

Raytheon Technologies (NYSE: RTX) will announce its fourth quarter 2020 earnings on January 26, prior to market opening. A conference call is scheduled for 8:30 a.m. ET, where a corresponding presentation will be available on the company’s website. Analysts can join the call by dialing (866) 219-7829 between 8:10 a.m. and 8:30 a.m. ET. The call will also be accessible via live stream on the internet and will be archived for later playback. The company specializes in advanced aerospace and defense systems for various sectors worldwide.