RTX Corp Stock Price, News & Analysis

Collins Aerospace, an RTX business, has secured a follow-on contract worth up to $904 million over five years from the U.S. Navy to continue developing the Cooperative Engagement Capability (CEC) system. The CEC integrates sensors across surface, land, and air platforms to enable Integrated Fire Controls.

RTX has been the sole provider of CEC since 1985, and this new sole source contract follows an existing five-year Design Agent contract. The system connects multiple platforms and associated sensors, providing composite tracking to combat and weapons systems. Collins will enhance the system with increased interoperability, expanded weapon and sensor coordination, and integration of new data sources.

The company has already successfully deployed and maintained CEC on more than 174 U.S. Navy, U.S. Marine Corps and international platforms.

RTX reported strong Q4 2024 results with sales of $21.6 billion, up 9% year-over-year, and adjusted EPS of $1.54, up 19%. Full-year 2024 saw adjusted sales reach $80.8 billion, a 9% increase, with adjusted EPS of $5.73, up 13%.

The company's backlog stands at $218 billion, split between $125 billion commercial and $93 billion defense. RTX returned $3.7 billion to shareholders in 2024, bringing total returns since merger to over $33 billion.

For 2025, RTX projects adjusted sales of $83.0-84.0 billion with 4-6% organic growth, adjusted EPS of $6.00-6.15, and free cash flow of $7.0-7.5 billion. All three business segments - Collins Aerospace, Pratt & Whitney, and Raytheon - showed growth in Q4, with notable increases in defense and commercial aftermarket sales.

RTX's Raytheon has secured a $529 million contract to provide the Netherlands with a Patriot® air and missile defense system fire unit and related equipment. This contract aims to replace a fire unit previously donated to Ukraine. The package includes a radar, launchers, command and control stations, and support equipment.

The Patriot system, currently serving as the foundation of air defense for 19 countries, is the world's only combat-proven ground-based air and missile defense capability that can protect against advanced long-range cruise missiles, tactical ballistic missiles, and various air-breathing threats. The contract work will be primarily conducted in Andover, Massachusetts, and Huntsville, Alabama.

RTX's Raytheon has secured a $333 million contract from the U.S. Navy for the production of Standard Missile-6 (SM-6) Block IA missiles. The SM-6 is a versatile weapon system that provides both offensive and defensive capabilities, supporting anti-air, anti-surface warfare, and sea-based terminal ballistic missile defense in a single solution.

The missile has demonstrated its effectiveness through successful deployments on various U.S. Navy ships, unmanned vessels, and land-based launchers. Notably, in March 2024, it successfully intercepted a medium-range ballistic missile target during the Flight Test Aegis Weapon System exercise.

Production will take place across Raytheon facilities in Tucson, Huntsville, Andover, and Dine, with project completion expected by 2027.

RTX (NYSE: RTX) has announced it will release its fourth quarter and full year 2024 earnings results on Tuesday, January 28, 2025, before market opening. The company will host a conference call at 8:30 a.m. ET to discuss the results and provide its 2025 outlook. The conference call will be available via webcast on RTX's website and will include a downloadable presentation. A replay of the call will be made available after the event.

RTX's Raytheon has secured a $946 million contract to provide additional Patriot air and missile defense systems to Romania, marking the country's third Patriot order. The contract encompasses fire units including radars, control stations, and missiles.

Raytheon maintains partnerships with Romanian defense companies as part of its Patriot global supply chain network. The Patriot system, currently employed by 19 countries, is the world's only combat-proven ground-based air and missile defense capability that can counter advanced long-range cruise missiles, tactical ballistic missiles, and various air-breathing threats. The system has demonstrated its effectiveness against sophisticated aerial threats and complex raid attacks.

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.