RTX Corp - RTX STOCK NEWS

Pratt & Whitney, an RTX business, has achieved a significant milestone by completing the first fully digital detailed design review of its Next-Generation Adaptive Propulsion (NGAP) offering with the U.S. Air Force. The review was conducted through a collaborative digital environment, providing immediate access to all necessary data and materials.

Following this successful review, the company will begin procuring hardware for the XA103 prototype ground demonstrator, scheduled for testing in the late 2020s. The NGAP engine features an adaptive architecture that allows components to actively adjust for optimized fuel efficiency, survivability, and power and thermal management, offering capabilities beyond current fourth- and fifth-generation engines.

RTX's Pratt & Whitney has secured a three-year contract worth $1.5 billion to sustain F119 engines powering the U.S. Air Force's F-22 fighter jets. The contract aims to improve readiness and reduce costs for a fleet of over 400 engines that have accumulated more than 900,000 flight hours.

The F119 engines, which generate over 35,000 pounds of thrust, enable the F-22 Raptor to reach altitudes above 65,000 feet with unique capabilities including supercruise - the ability to maintain supersonic speeds without afterburners, improving fuel efficiency and operational range.

The company's Usage Based Lifing program utilizes real-time data to enhance maintenance efficiency and extend engine life. The new contract will focus on safety, availability, maintenance simplicity, and modernization initiatives.

Raytheon, an RTX business, has successfully completed 10 subsystem demonstrations for the U.S. Army's Next-Generation Short-Range Interceptor (NGSRI) program, which will replace the Stinger® surface-to-air missile. The demonstrations included key tests of the seeker, flight rocket motor, command launch assembly, and warhead systems.

Notable achievements include a seeker assembly that demonstrated maximum range acquisition exceeding Stinger capabilities, a revolutionary rocket motor extending intercept range, enhanced operator detection in low-visibility environments, and successful warhead testing against various aerial threats. The remaining six demonstrations focused on missile functions including tracking, guidance, and safety.

The program will proceed with soldier touchpoint exercises and system flight test demonstrations later this year. Raytheon's NGSRI development leverages over 60 years of expertise and employs advanced manufacturing techniques to increase production speed while meeting performance requirements.

RTX's Pratt & Whitney announced the expansion of its GTF engine maintenance network by including Sanad Group, making it the first GTF MRO network shop in the South Asia, Middle East, and North Africa region. The new state-of-the-art facility in Al Ain, UAE, expected to be completed by 2028, will service PW1100G-JM and PW1500G engines for Airbus A320neo and A220 aircraft families, as well as PW1900G engines for Embraer E-Jet E2 aircraft.

The facility will provide full maintenance, repair, and overhaul services with test capability. Sanad, owned by Mubadala Investment Company, has been a V2500 engine service provider for over a decade. This expansion is part of RTX's long-standing commitment to the UAE, aiming to contribute to the Emirates' economic diversification. The Pratt & Whitney GTF MRO network currently includes 20 shops across four continents.

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.