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 (NYSE: RTX) announced the resignation of Chief Financial Officer Anthony O'Brien, effective immediately. Neil Mitchill, previously vice president of financial planning and analysis, has been appointed as the new CFO, reporting directly to CEO Greg Hayes. Mitchill's extensive experience includes his role as CFO of Pratt & Whitney and financial leadership at United Technologies Corporation. The company also provided a positive first-quarter sales outlook, expecting results to exceed prior estimates, with EPS projected between $0.87 and $0.90.
On April 7, 2021, the U.S. Air Force selected Collins Aerospace, a division of Raytheon Technologies (RTX), to design a new wheel and carbon brake for the B-52 Stratofortress. This modernization aims to retrofit 77 aircraft, extending their operational life into the 2050s. The new wheel will utilize DURACARB®, enhancing wear life and safety during landings by managing higher thermal loads. Collins Aerospace, a key supplier for various military platforms, is also exploring further B-52 modernization efforts including upgrades to communication and avionics systems.
Raytheon Technologies (NYSE: RTX) will release its Q1 2021 earnings on April 27, prior to market opening. A conference call is scheduled for 8:30 a.m. ET on the same day, where analysts can ask questions after prepared remarks. The call will be accessible via phone or live stream on the company's website, and a recording will be available for replay until May 11. Raytheon Technologies delivers advanced systems and services for aerospace and defense customers globally, having formed in 2020 from the merger of Raytheon Company and United Technologies Corporation.
Raytheon Technologies (NYSE: RTX) has launched Connect Up, a 10-year, $500 million corporate responsibility initiative focusing on key societal challenges. The program aims to enhance community investment through lifelong learning, veteran support, and local engagement. Key efforts include promoting STEM education access for underrepresented groups, aiding military personnel in education and workforce transition, and collaborating with local organizations like Feeding America. Additionally, the initiative encourages employee volunteerism, targeting 1 million acts of service in 2021.
Raytheon Intelligence & Space will maintain the U.S. government's Relocatable Over-the-Horizon Radar (ROTHR) system under a $146 million, five-year contract. Originally designed for tracking aircraft and ships, ROTHR plays a crucial role in border security and drug smuggling interdiction, helping seize 26 metric tons of cocaine in 2020 alone. The contract covers operations at six locations in Puerto Rico, Texas, and Virginia, offering over 2.5 million square miles of coverage. The business generated $15 billion in pro forma annual revenue in 2020.
Raytheon UK, a unit of Raytheon Technologies (NYSE: RTX), has secured a 15-year contract with NAV CANADA to deliver 12 Condor Mk3 Monopulse Secondary Surveillance Radar systems, with options for additional purchases. The first unit is set to ship in March 2021. This contract is expected to sustain 70 jobs in Harlow and 20 jobs in Glenrothes for the next 15 years. The Condor Mk3 offers advanced low-cost, high-probability detection capabilities, enhancing air traffic management in Canada.
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.