RTX Corp Stock Price, News & Analysis

Raytheon, an RTX business, announced a successful live-fire test of its Lower Tier Air and Missile Defense Sensor (LTAMDS), demonstrating the system's ability to detect and track a high-speed cruise missile while guiding a Patriot Advanced Capability-2 (PAC-2) GEM-T missile to intercept the threat.

The test marks a significant milestone in the U.S. Army's program to field the 360-degree, full-sector radar. The LTAMDS program is progressing on schedule, with multiple radars undergoing simultaneous testing and integration. The program is expected to transition from development to production in Q2 FY2025.

International interest in LTAMDS remains strong, with over a dozen countries requesting information. In August 2024, Raytheon secured a $2 billion U.S. Army contract to deliver radars for both the U.S. and Poland, with Poland becoming the first international customer to integrate LTAMDS into their defense architecture.

Collins Aerospace, an RTX business, announced the launch of its Powered by Collins Initiative™ 2025 edition at Aero India. The program aims to increase collaboration with small and medium-sized enterprises, focusing on material informatics and quantum-enabled navigation technologies. The initiative targets companies in aerospace, defense, and adjacent industries through funded, rapid development demonstration programs.

The company has expanded the program by launching the Powered by Collins ecosystem on Switchpitch, an online platform connecting startups with enterprises, investors, and technology accelerators. This expansion enables Collins business teams to engage with potential solution providers throughout the year, aiming to accelerate solution deployment for customers.

Collins Aerospace, an RTX business, has announced significant upgrades to its Pro Line 21™ integrated avionics systems for in-service Cessna Citation business jets. The enhancements, available from the second half of 2025, will apply to Citation CJ1+, CJ2+, CJ3, CJ4 and XLS+ fleets.

The upgraded system includes advanced features such as Controller Pilot Data Link Communications (CPDLC), ADS-B In weather information, and enhanced connectivity. Additional improvements include Privacy ICAO Address for security, direct integration with electronic flight bags, and wireless database uploads.

These upgrades can be purchased and installed through Textron Aviation or other Collins Aerospace authorized dealers, aiming to provide pilots with a more intuitive, communicative, and efficient flight deck experience.

RTX has announced that President and CEO Chris Calio will be presenting at the Barclays Industrial Select Conference on Wednesday, February 19, 2025, at 8:40 a.m. Eastern Time. The presentation will be accessible to the public through a live broadcast on www.rtx.com, with an archived version being made available on the company's website after the event.

RTX announced that its Board of Directors has elected current President and CEO Christopher T. Calio as Chairman of the Board, effective April 30, 2025. This follows Gregory J. Hayes's decision to step down as Executive Chairman and Board member before the company's 2025 annual meeting.

Hayes, who has served as Executive Chairman since May 2024, will transition to the role of Special Advisor to the CEO through January 2, 2026. Previously, he served as President and CEO of RTX following the 2020 merger of Raytheon Company and United Technologies, where he was Chairman and CEO.

According to RTX Lead Director Fred Reynolds, Hayes's leadership over 35 years has created significant value for stakeholders. The Board expressed confidence in Calio's ability to continue driving RTX growth through operational execution and technology innovation.

RTX (NYSE: RTX) announced that its Board of Directors has declared a quarterly dividend of $0.63 per share of common stock. The dividend will be paid on March 20, 2025, to shareholders of record as of February 21, 2025. The company highlighted its long-standing tradition of paying cash dividends, which dates back to 1936, demonstrating nearly 90 years of consistent dividend payments to shareholders.

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.