RTX Corp Stock Price, News & Analysis

Blue Canyon Technologies (BCT) has been acquired by Raytheon Technologies (NYSE: RTX), enhancing its position in the aerospace sector. The integration will allow BCT to expand its small satellite solutions, including nanosatellites and microsatellites, meeting growing market demands. BCT is currently building over 90 spacecraft for various missions and has recently expanded its operational capabilities with a new 80,000-square-foot facility in Colorado. This strategic acquisition aims to leverage Raytheon's advanced technology to further transform the space industry.

Raytheon Technologies (NYSE: RTX) announced a new share repurchase program authorizing the buyback of up to $5 billion of its common stock. This initiative replaces the previous program from October 2015 and will be executed at the company's discretion, depending on market conditions. The firm emphasizes that there are no obligations to purchase shares under this program, and repurchases may be discontinued at any time. The announcement reflects the company's commitment to enhancing shareholder value.

Raytheon Intelligence & Space and C3.ai have formed an alliance to develop AI solutions tailored for aerospace and defense missions, particularly benefiting the U.S. Air Force and intelligence community. This partnership aims to leverage AI to enhance data utilization for smarter, faster decision-making on the battlefield. Their collaboration combines Raytheon’s defense expertise with C3.ai’s AI development capabilities, facilitating rapid deployment and scaling of innovative solutions. This initiative is expected to significantly reduce costs and risks while accelerating AI adoption across military operations.

On November 17, 2020, Raytheon Technologies announced a historic achievement where its SM-3® Block IIA ballistic missile defense interceptor successfully intercepted an intercontinental ballistic missile target outside Earth's atmosphere. This demonstration, part of a Missile Defense Agency initiative, showcases a new defense layer against long-range threats. The SM-3 interceptors have executed more exo-atmospheric intercepts than all other missile systems combined. Raytheon’s missile defense integrates sensors, effectors, and command capabilities, enhancing defense systems for the U.S. and its allies.

Labaton Sucharow announces an investigation on behalf of purchasers of Raytheon Technologies Corp. (RTX) securities following a subpoena from the U.S. Department of Justice. The subpoena, dated Oct. 8, requests records related to the company's missile business dating back to 2009, focusing on accounting and reporting matters. Additionally, Raytheon received a second subpoena from the U.S. Securities and Exchange Commission concerning a separate probe. As a result, Raytheon's stock dropped 7.4% to $52.34 amidst high trading volume.

Raytheon Technologies (NYSE: RTX) has announced a definitive agreement to acquire Blue Canyon Technologies, a leader in small satellites and spacecraft systems. The acquisition is expected to close by early 2021, pending regulatory approval. This move aims to enhance Raytheon’s capability to deliver comprehensive solutions for evolving space market demands. Blue Canyon, based in Boulder, Colorado, has over 90 satellites in production and has supported significant missions for entities like the U.S. Air Force and NASA.

Raytheon Technologies CFO Toby O'Brien will present at Baird's 2020 Virtual Global Industrial Conference on November 11 at 8:30 a.m. ET. The live presentation will be accessible via www.rtx.com and will be archived on the site afterward. Raytheon Technologies is a leading aerospace and defense company formed in 2020 through a merger of Raytheon Company and United Technologies Corporation's aerospace divisions, headquartered in Waltham, Massachusetts.

Zamansky LLC is investigating Raytheon Technologies (NYSE: RTX) for potential breaches of fiduciary duties by its senior officers and board of directors. The investigation follows allegations that Raytheon made false statements regarding its financial accounting and internal controls. This information emerged after the Company revealed it had received a criminal subpoena from the DOJ related to its financial reporting practices. Following this news on October 27, 2020, Raytheon's share price experienced a significant decline.

Raytheon Technologies Corp. (RTX) is under investigation by the U.S. Department of Justice concerning its missile business, with a subpoena dating back over a decade. This criminal inquiry, initiated on October 8, targets accounting and reporting practices in the Missiles & Defense division since 2009. Additionally, Raytheon disclosed a second subpoena from the SEC related to a previously announced probe. Following this news, Raytheon’s stock plummeted 7.4%, closing at $52.34 on heavy trading volume.