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RTX Corporation - RTX STOCK NEWS

Welcome to our dedicated page for RTX Corporation news (Ticker: RTX), a resource for investors and traders seeking the latest updates and insights on RTX Corporation stock.

RTX Corporation (NYSE: RTX) is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. Formed from the merger of United Technologies and Raytheon, RTX is one of the largest aerospace and defense manufacturers globally, known for its diverse product offerings and significant market presence.

RTX operates through three primary segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Collins Aerospace provides a wide range of aerospace systems and components, playing a crucial role in commercial and military aviation. Pratt & Whitney is renowned for its advanced jet engines, serving both commercial and military sectors. Raytheon focuses on defense systems, offering expertise in missiles, missile defense, sensors, and communications technology.

In recent achievements, RTX has made significant strides in renewable energy. The company has inked an agreement with ENGIE North America to supply 100% renewable electricity to 12 Texas facilities, marking RTX's largest renewable energy procurement to date. This initiative supports RTX's goal of reducing greenhouse gas emissions, showcasing the company's commitment to sustainability.

Financially, RTX reported robust performance in the first quarter of 2024, with a 12% increase in sales and a record backlog of $202 billion. The company's focus on innovation and operational excellence has driven strong growth and profitability. RTX continues to invest in next-generation technologies, such as the development of advanced missile systems and space-based solutions.

RTX's recent news highlights its ongoing projects and strategic initiatives. For instance, Raytheon has expanded its Missile Integration Facility to support the Glide Phase Interceptor program. Additionally, RTX's Blue Canyon Technologies has launched CubeSats for NASA's PREFIRE mission, contributing to climate modeling and environmental monitoring.

With over 185,000 employees worldwide, RTX remains dedicated to pushing the boundaries of technology and science. The company is committed to addressing global challenges through its innovative solutions and industry-leading businesses.

News

RTX breaks ground on $115 million expansion of Alabama missile integration facility

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Raytheon, an RTX business, has broken ground on a $115 million expansion of its Redstone Raytheon Missile Integration Facility in Huntsville, Alabama. The 26,000 square-foot expansion will increase the factory's space by more than 50%, supporting key missile programs like the Glide Phase Interceptor. The project will create 185 new jobs, bringing RTX's employee count in Alabama to over 2,200. The expansion aims to meet the growing needs of military customers and accelerate the delivery of vital defense solutions.
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RTX Reports Q1 2024 Results

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RTX reported strong Q1 2024 results with 12% sales growth, a record backlog of $202B, and reaffirmed outlook. Sales reached $19.3B, up 12%, with GAAP EPS of $1.28, up 32%. Adjusted EPS was $1.34, up 10%. Company backlog stands at $202B, including $125B commercial and $77B defense. RTX realized $105M in cost synergies and reaffirmed full year 2024 outlook with sales of $78-79B, adjusted EPS of $5.25-5.40, and free cash flow of $5.7B.
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Fresh2 Group Ltd. Announces Receipt of a Delinquency Compliance Alert Notice from Nasdaq

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Fresh2 Group has received a Delinquency Compliance Alert Notice from Nasdaq. The company has announced a partnership with Collins Aerospace and Common Energy to support four new community solar projects in the greater Portland area. These projects will generate 17 million kilowatt hours of clean energy annually, benefitting the community and reducing carbon emissions. The projects will have a mix of commercial, residential, and low-income subscribers, with each receiving credits on their electricity bills and Renewable Energy Certificates. Collins Aerospace's facility in Wilsonville will anchor the portfolio, with a focus on reducing greenhouse gas emissions and supporting sustainability initiatives.
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RTX signs its largest renewable electricity deal to date

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RTX signs its largest renewable electricity deal to date with ENGIE, powering 12 Texas facilities with 100% renewable electricity. The agreement, running through 2033, aims to reduce greenhouse gas emissions and achieve renewable energy goals. The deal will provide over 1.5 million megawatt hours of renewable electricity, cutting emissions by 560,000 metric tons of CO2.
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RTX's Pratt & Whitney announces GTF MRO capacity expansion at West Palm Beach facility

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Pratt & Whitney, an RTX business, invests $20 million to increase GTF maintenance capacity at West Palm Beach Engine Center by 40% by 2025. The expansion includes workforce growth, equipment additions, and transformative technologies to support the GTF fleet. Pratt & Whitney aims to enhance customer support and trust through global investments in GTF fleet management.
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RTX provides Blue Canyon satellite to help solve a crucial climate challenge

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Blue Canyon Technologies, a small satellite manufacturer and mission services provider under RTX (NYSE: RTX), successfully launched the MethaneSAT satellite, funded by a nonprofit organization to combat methane emissions.
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RTX's Pratt & Whitney announces North American Technology Accelerator

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Pratt & Whitney, an RTX business, unveiled its North American Technology Accelerator (NATA) in Florida to advance MRO technologies. The center will focus on material restoration, process automation, and additive repairs for GTF engine components, aiming at $100 million in parts recovery over five years. NATA, alongside the Singapore Technology Accelerator (STA), is expected to generate annual savings of $24 million by leveraging automation, connectivity, analytics, and intelligence.
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RTX's Raytheon completes critical milestone for VIIRS program

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Raytheon, an RTX business, successfully completes thermal vacuum testing of the fourth sensor for the VIIRS program, ensuring on-time delivery for satellite integration in 2024. The milestone was achieved ahead of schedule, showcasing efficient collaboration between NASA and Raytheon.
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RTX to release first quarter results on April 23, 2024

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RTX (NYSE: RTX) to release first quarter 2024 earnings on April 23, 2024, with a conference call scheduled at 8:30 a.m. ET. The call will be webcast live on www.rtx.com.
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RTX's SM-6 intercepts ballistic missile target at sea

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Raytheon (RTX) successfully tested an enhanced SM-6 missile against a medium-range ballistic missile target at sea, showcasing its advanced capabilities for the U.S. Navy fleet. The test verified the missile's effectiveness in anti-air warfare, anti-surface warfare, and ballistic missile defense, highlighting its critical role in countering evolving threats.
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FAQ

What is the current stock price of RTX Corporation (RTX)?

The current stock price of RTX Corporation (RTX) is $116.48 as of December 20, 2024.

What is the market cap of RTX Corporation (RTX)?

The market cap of RTX Corporation (RTX) is approximately 154.0B.

What are the main business segments of RTX Corporation?

RTX Corporation operates through three main segments: Collins Aerospace, Pratt & Whitney, and Raytheon.

Where is RTX Corporation headquartered?

RTX Corporation is headquartered in Arlington, Virginia, USA.

What recent renewable energy initiative has RTX undertaken?

RTX has entered an agreement with ENGIE North America to supply 100% renewable electricity to 12 of its Texas facilities.

How did RTX perform financially in the first quarter of 2024?

RTX reported a 12% increase in sales and a record backlog of $202 billion in the first quarter of 2024.

What is Collins Aerospace known for?

Collins Aerospace is a diversified aerospace supplier providing systems and components for commercial and military aviation.

What are Pratt & Whitney's key products?

Pratt & Whitney is known for manufacturing advanced jet engines for both commercial and military aircraft.

What does the Raytheon segment specialize in?

Raytheon specializes in defense systems, including missiles, missile defense systems, sensors, and communications technology.

What is the significance of RTX's agreement with ENGIE North America?

The agreement marks RTX's largest renewable energy procurement, supporting the company's goal to reduce greenhouse gas emissions.

How many global employees does RTX have?

RTX has over 185,000 employees worldwide.

What is the mission of Blue Canyon Technologies, an RTX company?

Blue Canyon Technologies focuses on small satellite manufacturing and mission services, contributing to projects like NASA's PREFIRE mission.

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RTX Corporation

NYSE:RTX

RTX Rankings

#72 Ranked by Market Cap
#1351 Ranked by Dividends

RTX Stock Data

153.99B
1.33B
0.08%
80.63%
1.1%
Aerospace & Defense
Aircraft Engines & Engine Parts
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United States of America
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