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.
Collins Aerospace, a Raytheon Technologies business, has been selected to manufacture NASA's next-generation spacesuit for missions to the International Space Station and the Moon. This new suit, designed by astronauts, offers enhanced mobility, is lighter, and accommodates a variety of body types. The modular design will allow rapid incorporation of new technologies. Collins Aerospace has a rich legacy in spacesuit development, having designed suits for both the Moon landing and current ISS operations.
RTX A/S has announced the expansion of its audio module series supporting the Sheerlink product solutions during the NAMM show held in location value="LU/us.ca.anahim"Anaheim, California from June 3-5, 2022. The new RTX1291 2.4GHz module enhances DSP performance, further solidifying RTX's position in providing resilient wireless audio solutions. This expansion allows vendors to streamline product development, addressing supply chain uncertainties. RTX continues to support a range of wireless configurations and offers complete ODM solutions to accelerate time-to-market for clients.
Raytheon Missiles & Defense has secured a $624 million contract from the U.S. Army to manufacture 1,300 Stinger missiles. This contract encompasses engineering support and production acceleration to meet urgent defense needs, particularly for replenishing stocks provided to Ukraine. The funding is part of the Ukraine Supplemental funding package aimed at supporting Ukrainian defense forces. The Stinger missile is recognized for its operational effectiveness against aerial threats.
Raytheon Technologies (NYSE: RTX) CFO Neil Mitchill is scheduled to present at UBS's Global Industrials and Transportation conference on June 8, 2022, at 12:10 p.m. Eastern Time. The presentation will be live-streamed and later archived on www.rtx.com. Raytheon Technologies operates in the aerospace and defense sectors, offering advanced systems and services for commercial and governmental needs through its four main businesses: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense.
Raytheon Technologies (RTX) and Kord successfully demonstrated the capabilities of a 50kW high energy laser system during a U.S. Army operational assessment at White Sands Missile Range. Over four weeks, the system countered multiple 60mm mortar rounds while also defeating various drone threats. The DE M-SHORAD system aims to enhance protection against aerial threats and is on track for operational fielding in 2022. This collaboration highlights the integration of advanced technologies, offering a near-zero cost per shot and adapting to various platforms for military applications.
Raytheon Technologies (NYSE: RTX) has announced a strategic investment in Hermeus Corporation, joining a $100 million Series B financing round to support the development of hypersonic aircraft. The investment is part of RTX Ventures, aiming to advance aerospace and defense innovations. This partnership will enhance Hermeus' efforts in building its Quarterhorse aircraft and accelerating the Darkhorse project. RTX Ventures focuses on areas like artificial intelligence and precision sensing, emphasizing the importance of hypersonic technologies for national security.
Intelsat has appointed four new leaders to enhance its financial and commercial functions. Toby O’Brien, previously CFO at Raytheon Technologies (RTX), will become Intelsat’s new CFO. Michael DeMarco shifts to Chief Commercial Officer after over 20 years with Intelsat. Clay McConnell is named Senior VP of Corporate Communications and Marketing, joining from Delta Air Lines (DAL). Jeff Sare becomes President of the Commercial Aviation division, previously with Panasonic Avionics. These appointments aim to bolster Intelsat's strategic initiatives in global connectivity.
Pratt & Whitney, a Raytheon Technologies business, announced that Qantas Airways has selected its GTF™ engines to power 40 Airbus A220 and A320neo aircraft, including the A321XLR, primarily for domestic and short-haul international routes. The announcement took place in Sydney, Australia, where leaders from both companies celebrated the partnership. Alongside the engine supply, Pratt & Whitney will provide long-term maintenance through an EngineWise® agreement. Aircraft deliveries are set to begin in the latter half of 2023.
Raytheon Missiles & Defense, a Raytheon Technologies business, has completed a Series A investment in Firehawk Aerospace, focusing on high-performance propulsion technology. The collaboration aims to integrate Firehawk's advanced propulsion systems into future missile systems over the coming years. Firehawk holds several patents in hybrid propulsion technologies, which are expected to enhance defense capabilities against advanced threats. This partnership signifies a strategic move to innovate missile technology, crucial for meeting evolving military challenges.
Pratt & Whitney, a division of Raytheon Technologies Corp. (NYSE: RTX), is partnering with Air Canada to provide GTF™ engines for 30 firm and 14 optional Airbus A321XLR aircraft. Alongside engine supply, Pratt & Whitney will maintain the engines through an EngineWise® Comprehensive service agreement. Deliveries are slated to begin in Q1 2024. The GTF engines are notable for their fuel efficiency, having saved over 600 million gallons of fuel and reduced emissions significantly since 2016, thus enhancing sustainability in aviation.