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 reports aerospace and defense developments across Collins Aerospace, Pratt & Whitney and Raytheon. News commonly covers Collins avionics, commercial aviation radars, satellite and secure communications components, and multi-domain security solutions; Pratt & Whitney commercial and military engine production, including GTF, F135 and F100 programs; and Raytheon defense systems such as SeaRAM, SharpSight radars, missile-warning sensors, air and missile defense, advanced sensors and space-based systems.
Company updates also include earnings releases, backlog and cash-flow commentary, dividend actions, facility investments and production-capacity expansions tied to commercial aerospace and defense demand. Contract announcements and customer program awards provide recurring detail on RTX's role as a supplier to military, civil aviation and allied defense markets.
Raytheon Technologies (RTX) reported Q4 2021 sales of $17.0 billion, a 4% increase year-over-year, with a GAAP EPS of $0.46 and adjusted EPS of $1.08. The company achieved $3.2 billion in operating cash flow and $2.2 billion in free cash flow. For the full year, RTX generated $64.4 billion in sales, with adjusted EPS of $4.27. The outlook for 2022 includes anticipated sales of $68.5 - $69.5 billion and free cash flow of approximately $6.0 billion.
Strong backlog at $156 billion reflects robust demand in both commercial aerospace and defense sectors.
RTX A/S has announced new additions to its Sheerlink TM wireless solutions during the NAMM 'Believe in Music Week' event on January 20-21, 2022. These innovations allow manufacturers to double the number of active TX devices on one receiver while maintaining usability, latency, and audio quality at minimal additional costs. Enhanced features include an auxiliary audio channel for increased versatility and deployment using RTX1290 or RTX1090 modules, simplifying design processes amidst component supply challenges. RTX aims to expand product portfolios for customers through these advancements.
State Street Corporation (NYSE: STT) has been selected by Raytheon Technologies (NYSE: RTX) to provide comprehensive financial services for the $54 billion Raytheon Technologies Corporation Savings Plan Master Trust. This arrangement includes trustee, custody, asset management, securities lending, and transition management services. The collaboration reflects a long-standing partnership exceeding 30 years, highlighting State Street's capability in investment servicing and management.
Collins Aerospace, a Raytheon Technologies business, has been chosen by Boeing to provide next-generation lavatories for the 737 aircraft family. This innovative lavatory, available in 2025, features a modular design with customization options, touchless technology, and a centralized computing system. These enhancements aim to improve passenger experience and operational efficiency for airlines. The modern lavatory design is intended to set a new standard for single-aisle aircraft, offering flexibility and advanced features, including accessible options for passengers with mobility issues.
On January 11, 2022, Boeing has chosen Collins Aerospace, a subsidiary of Raytheon Technologies (NYSE: RTX), to modernize the B-52 bomber with a new electric power generation system (EPGS). This upgrade aims to improve fuel efficiency by 30% and reduce carbon emissions, utilizing advanced commercial technology. The EPGS will feature eight generators per aircraft to support future enhancements in radar and avionics. Additionally, Collins will create over 60 jobs in Rockford, Illinois, for this initiative, further solidifying its role as a key supplier in military aviation.
Raytheon Technologies (NYSE: RTX) will publish its fourth quarter 2021 earnings on January 25 before market opening. A conference call is scheduled for 8:30 a.m. ET, with a presentation available on the company's website beforehand. Analysts can ask questions during the call, and it will be broadcast live online. A recording will be accessible post-call. Raytheon Technologies is a leading aerospace and defense firm, formed in 2020, providing advanced systems for commercial and military sectors.
Raytheon Technologies has announced the appointment of Raja Maharajh as its new general counsel, effective immediately. Maharajh, previously serving as general counsel for Pratt & Whitney, will report directly to CEO Greg Hayes. He replaces Frank Jimenez, who is leaving to pursue other opportunities. Maharajh has been with Raytheon since 2004, holding several leadership positions and bringing extensive legal experience. His new role involves overseeing legal affairs, corporate governance, and compliance, contributing significantly to the company’s strategic objectives.
Raytheon Technologies' Board of Directors has authorized a $6 billion share repurchase program, replacing the previous one from December 2020. The buyback will be conducted at the company’s discretion and depending on market conditions, utilizing various methods such as open market purchases. This move is intended to enhance shareholder value while the company continues to deliver advanced systems across its aerospace and defense sectors. The announcement includes a cautionary note regarding forward-looking statements and market risks.
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Raytheon Missiles & Defense has been selected by the Missile Defense Agency (MDA) to develop the Glide Phase Interceptor (GPI), aimed at countering hypersonic threats. The interceptor is designed to engage missiles maneuvering at speeds exceeding five times the speed of sound. The development will focus on reducing technical risks and demonstrating intercept capabilities during the glide phase. The GPI will be integrated into the U.S. Navy's Aegis Weapon System, enhancing Raytheon's missile defense portfolio, which is crucial for both military and government customers.