RTX Corporation - RTX STOCK NEWS

Collins Aerospace, an RTX business, is set to unveil a new cabin solution for onboard wheelchair accommodation at the Aircraft Interiors Expo in Hamburg, Germany. This innovation allows passengers with reduced mobility to remain in their wheelchairs during the flight, ensuring a more comfortable and dignified travel experience. The product is compatible with WC19 and ISO 7176-19 transport-certified powered wheelchairs and requires a simple restraint system installation at the front of a narrow body aircraft. The solution aims to simplify boarding and deplaning processes, reduce injury risks, and minimize mishandling of wheelchairs. It utilizes unused space without requiring seat removal or modification, allowing airlines to maintain existing passenger densities. Demonstrations will take place from May 28-30.

RTX's Pratt & Whitney Canada has received type certification from Transport Canada for their PW545D engine, selected to power Textron Aviation's business jet. The engine offers improved fuel consumption, increased thrust, and extended time between overhauls. The certification follows extensive testing and marks a significant milestone in the PW500 engine family's history.

Raytheon's advanced ground system for space-based missile warning, the FORGE MDPAF, is now operational at the U.S. Space Force's OBAC. It enables fast integration of mission-focused applications to process satellite data, supporting both current and future space data processing needs.

RTX's new generation of commercial satellite imagers has launched with Maxar's WorldView Legion. The advanced imaging instruments provide high-resolution visual data in real-time, offering improved surveillance and monitoring for various applications. These satellites will enhance Earth observation capabilities and support national security, military, commercial mapping, maritime monitoring, and more.

RTX announced an increase in its quarterly cash dividend by 6.8% to 63 cents per share of common stock. The dividend will be payable on June 13, 2024, to shareowners of record as of May 17, 2024. The company is confident in its strong portfolio and growing product demand, aiming to return $36-37 billion to shareholders by 2025.

Pratt & Whitney Canada and TAAG Angola Airlines signed a six-year Fleet Management™ Program agreement for the PW150A engines powering TAAG's Dash 8-400 regional turboprops. The agreement includes engine maintenance services, oil-analysis technology, and diagnostic solutions to optimize aircraft availability and efficiency. The program aims to lower operating costs and simplify fleet operations management for airlines.

Raytheon, an RTX business, has awarded Spanish supplier Sener a contract to develop and produce the electro-mechanical control section of the Patriot® GEM-T missile. Sener's contribution will support the European missile production for a NATO contract. This collaboration aims to increase air defense missile inventory for NATO and European Patriot allies, solidifying Sener's role as a key player in the design and manufacturing of missile control systems.

RTX, listed on the NYSE as RTX, has been acknowledged by three different organizations for its pioneering work in patented technology. The company's innovation has been highlighted by The Harrity Patent Analytics Patent 300® List, The Global IP Strategy Center, and The IPWatchdog. This recognition reaffirms RTX's position as a leader in technological advancement and underscores its commitment to innovation.

Raytheon, an RTX business, has been awarded a $344 million contract for the development of two missile variants – the SM-2 Block IIICU and SM-6 Block IU. The upgrades will enhance the speed and efficiency of production for defense systems important to the U.S. Navy and international allies. The project, funded by Foreign Military Sales, marks a significant advancement in radar technology for international partners.