RTX Corp Stock Price, News & Analysis

RTX's Raytheon and Ursa Major have successfully completed a missile flight test of an advanced long-range solid rocket motor for the U.S. Army. The collaboration leverages digital engineering to accelerate development of affordable precision munitions. Ursa Major has conducted nearly 300 static test fires this year using additive manufacturing techniques, demonstrating rapid development capabilities.

The partnership aims to provide the U.S. Army with smart munitions that are more cost-effective than current systems. The program will continue with manufacturing improvements and additional flight tests in 2025, targeting qualification in 2026. RTX Ventures' 2023 investment in Ursa Major supports this initiative to address national security requirements through innovative rocket motor technologies.

Collins Aerospace, an RTX business, has unveiled a comprehensive avionics modernization program for Beechcraft King Air and Hawker aircraft. The initiative includes upgrades for Pro Line Fusion® and Pro Line 21™ advanced avionics systems, focusing on enhancing aircraft performance, safety, and pilot efficiency.

The program encompasses upgrades for King Air 200 and 300 series aircraft, transitioning from Pro Line 21 to Pro Line Fusion, along with modernization options for Hawker 750, 800, and 900 series aircraft. The Pro Line Fusion system features touchscreen displays and advanced navigation tools, while Pro Line 21 provides integrated digital cockpit capabilities.

Pratt & Whitney, an RTX business, has received FAA certification for its GTF engine to power the Airbus A321XLR aircraft, with entry into service expected in 2025. The PW1100G-JM engine certification marks a significant milestone for the GTF program. 13 customers have selected GTF engines for 217 A321XLR aircraft, with over 2,100 GTF-powered aircraft delivered globally to more than 80 customers.

The GTF engines provide up to 20% better fuel efficiency compared to previous generation engines, saving operators 2 billion gallons of fuel and 20 million metric tons of CO2 since 2016. The upcoming GTF Advantage engine will offer 4-8% higher takeoff thrust with up to 1% additional fuel efficiency and longer time on wing.

Raytheon, an RTX business, announced successful testing of its Lower Tier Air and Missile Defense Sensor (LTAMDS) by U.S. Army soldiers. The system effectively guided Patriot Advanced Capability-3 interceptors to defeat cruise and ballistic missile surrogates. The 360-degree radar, integrated with the Integrated Battle Command System, demonstrated successful detection, tracking, and engagement capabilities.

The program is progressing towards Milestone C in Q2 FY2025, transitioning from development to production. In August 2024, Raytheon secured a $2 billion contract to deliver eight radars for the U.S. and Poland, marking Poland as the first international customer. More than a dozen countries are showing interest in LTAMDS, with six radars currently undergoing simultaneous testing across multiple locations.

RTX's Raytheon UK has successfully completed the first live-firing test of its High-Energy Laser Weapon System (HELWS) with the British Army, targeting moving aerial targets at a military range in Wales. This marks the first instance of British soldiers operating a high-energy laser weapon mounted on an armoured vehicle as part of the Ministry of Defence's Land Laser Directed Energy Weapon demonstrator programme.

The system, which uses advanced sensors and tracking systems to direct an intense energy beam at targets, has demonstrated effectiveness in real-world conditions. The test was conducted through collaboration between Raytheon UK and Team Hersa, representing a significant advancement in defense technology integration.

Collins Aerospace, an RTX business, demonstrated a groundbreaking cross-domain networking capability during exercise Keen Sword with the III Marine Expeditionary Force in Okinawa, Japan. The technology successfully integrated unclassified data from non-traditional sensors into a classified fires network, enhancing situational awareness for forces in early conflict stages.

The system automated data routing across different security classification levels and utilized satellite networks to establish a secure transport layer. Notable features include rapid setup time of less than an hour and the ability to seamlessly connect commercial nodes with government systems. This advancement supports Marine Corps Command and Control objectives by enabling expeditionary machine-to-machine data transfers for faster decision-making processes.

RTX BBN Technologies has been awarded a contract to support ARPA-H's Chatbot Accuracy and Reliability Evaluation (CARE) initiative. The company will develop the Monitoring, Evaluation and Diagnosing of Intelligent Chatbots (MEDIC) system to assess medical chatbots' reliability in healthcare settings.

The project aims to address critical limitations in current AI healthcare systems, which often generate inaccurate or misleading responses. The MEDIC framework will include integration of healthcare stakeholder insights, medical text validation, demographic-specific prompt engineering, and advanced information extraction techniques to detect inaccuracies.

The initiative involves collaboration with Johns Hopkins University, Johns Hopkins University School of Medicine, and Howard University Hospital, with work being conducted in Cambridge, Baltimore, and Washington, D.C.

Raytheon, an RTX business, has secured a $590 million follow-on production contract from the U.S. Navy for the Next Generation Jammer Mid-Band (NGJ-MB) system. This program, developed in cooperation with the Royal Australian Air Force, includes delivery of shipsets, support equipment, spares, and non-recurring engineering support.

The NGJ-MB system will be deployed on EA-18G GROWLER® aircraft by both the U.S. Navy and RAAF to counter advanced radar threats, communications, data links, and non-traditional radio frequency threats. The system enhances combat capabilities by reducing adversary targeting ranges, disrupting kill chains, and supporting kinetic weapons targeting. Work will be conducted across multiple U.S. locations through 2028.

Pratt & Whitney, an RTX business, has signed a letter of intent with the Polish Air Force University to provide education on F100 and F135 fighter engine propulsion systems. The program will focus on advanced jet propulsion design, manufacturing, and production of engines powering Poland's F-16s and future F-35s.

The company's Rzeszów facility produces F100 static structures, critical rotating parts, and F135 components. In 2024, Pratt & Whitney strengthened Poland's fleet readiness by delivering F100 engines for F-16s and signing an agreement with Military Aviation Works No. 2 to explore expanded maintenance capabilities.