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 (RTX) reported a first-quarter 2022 sales increase of 3% year-over-year, totaling $15.7 billion. GAAP EPS rose 45% to $0.74, with adjusted EPS at $1.15, up 28%. Free cash flow was $37 million, significantly down 89% compared to the previous year. The company anticipates full-year sales between $67.75 and $68.75 billion, slightly decreased from earlier estimates. Notable bookings included $1.2 billion in classified defense contracts. The backlog stands at $154 billion.
Raytheon Technologies (NYSE: RTX) announced a dividend increase of 55 cents per share, reflecting a 7.8% rise from the previous quarter. The dividend is payable on June 16, 2022 to shareholders of record as of May 20, 2022. This decision underscores the company's commitment to returning value to shareholders, aiming to distribute at least $20 billion in capital over four years post-merger. Raytheon has a strong history of dividend payments, having paid cash dividends annually since 1936.
The U.S. Navy has awarded Raytheon Missiles & Defense, a subsidiary of Raytheon Technologies (RTX), a contract worth $483 million for activation, sustainment, and modernization services. If options are exercised, the total could reach $1.68 billion over five years. The contract includes support for the Zumwalt-class destroyers, focusing on engineering, cyber protection, software upgrades, design, system integration, and training. This reinforces Raytheon's role as a key systems integrator in advanced military capabilities.
Raytheon Technologies (NYSE: RTX) will announce its first quarter 2022 earnings on April 26 before the market opens. A conference call is scheduled for 8:30 a.m. ET. Access to the presentation will be available on their website for download before the call. Analysts can participate by calling in between 8:10 a.m. and 8:30 a.m. ET. The conference call will also be broadcasted live online and available for replay via phone from April 26 to May 10.
Raytheon Missiles & Defense, a Raytheon Technologies business (NYSE: RTX), has secured a $651 million contract, which includes options totaling $2.5 billion, for full-rate production of the AN/SPY-6(V) Family of Radars. This five-year contract is aimed at equipping up to 31 U.S. Navy ships with advanced radar systems, enhancing air and missile defense capabilities. Over $600 million has been invested in the SPY-6 radars, which offer superior electronic warfare protection and detection abilities compared to legacy systems. The first installation will be operational in 2024.
Raytheon Technologies has appointed Barbara Borgonovi as the new senior vice president of Corporate Strategy & Development, effective April 1, 2022. She brings over two decades of experience in defense and aerospace, previously serving as president of the Intelligence, Surveillance and Reconnaissance Systems unit. Borgonovi will be responsible for enhancing profitability and pursuing merger and acquisition opportunities. This transition follows Michael Dumais' move to an outside strategic advisor role, aiming for continued leadership in the aerospace and defense sectors.
Intelsat has appointed David Wajsgras as its new CEO, effective April 4. Wajsgras, who has extensive experience in the aerospace industry, succeeds Stephen Spengler, retiring after 18 years. Previously, Wajsgras was president of a $7.5 billion business at Raytheon Technologies (RTX) and CFO at Lear Corporation (LEA). The board highlights Wajsgras's leadership skills and believes he is well-suited to guide Intelsat during this pivotal time. The company aims to maintain its leading market position and further develop its global communications capabilities.
Raytheon Technologies Corporation (NYSE: RTX) has appointed Christopher T. Calio as chief operating officer, effective March 1, 2022, succeeding Shane G. Eddy as president of Pratt & Whitney. Calio, with over 20 years of executive experience in aerospace, previously led Pratt & Whitney through significant enhancements, including the GTF Advantage™ engine. Eddy, now president, has extensive industry leadership experience and will focus on further optimizing Pratt & Whitney's operations. CEO Greg Hayes emphasized Calio's leadership as vital for the company's growth and transformation.
Raytheon Technologies Corporation (NYSE: RTX) announced a dividend of 51 cents per share, payable on Mar. 24, 2022, to shareholders recorded by Feb. 25, 2022. The company has consistently paid dividends since 1936, emphasizing its commitment to returning value to investors. Raytheon Technologies operates in aerospace and defense, providing innovative solutions for commercial and military clients. While it expresses a strong dividend history, caution is advised regarding future dividends, as past performance does not guarantee future distributions due to various risks.
Raytheon Technologies (NYSE: RTX) Chairman and CEO Greg Hayes is set to address the Barclays Industrial Select Conference on February 23, 2022, at 10:20 a.m. ET. The event will be accessible via live broadcast and will also be archived for later viewing at www.rtx.com. Raytheon Technologies is a premier aerospace and defense enterprise, formed in 2020, focusing on innovative solutions across various sectors including cybersecurity, hypersonics, and quantum physics.