RTX Corp - RTX STOCK NEWS

RTX's Pratt & Whitney has successfully completed the preliminary design review (PDR) for the F135 Engine Core Upgrade (ECU) for the F-35 fighter jet. The upgrade is designed to restore full engine life and enhance performance to support Block 4 capabilities across all F-35 variants globally.

Key points:

• The ECU design is on schedule and exceeding expectations
• It will enable next-generation weapons and sensors
• The U.S. Department of Defense has officially selected the F135 ECU as the sole modernization solution for the F-35's propulsion system
• Pratt & Whitney has delivered over 1,200 F135 production engines with more than 860,000 flight hours recorded
• The ECU will be incorporated into new F-35s and retrofitted at global F135 depot facilities

Raytheon, an RTX business, has secured a $1.2 billion contract to deliver additional Patriot air and missile defense systems to Germany. Announced on July 11, 2024, this deal marks Germany's second Patriot order this year. The contract includes the latest Patriot Configuration 3+ radars, launchers, command and control stations, and associated spares. Patriot systems are globally renowned for their effectiveness against advanced threats, enhancing both Germany's and NATO's defense capabilities.

Collins Aerospace, a division of RTX (NYSE: RTX), has successfully demonstrated advanced battle management capabilities during the Valiant Shield exercise held in the Philippines. The exercise, conducted on July 10, 2024, showcased mobile, distributed command and control systems in collaboration with the U.S. Army's 1st Multi-Domain Task Force. These systems enable rapid reconfiguration and deployment based on evolving mission requirements, leveraging both commercial and military communication networks for enhanced situational awareness. Using AI/ML-powered battle management software, Collins Aerospace integrated data from multiple intelligence sources to provide comprehensive situational awareness to commanders and bilateral partners. This demonstration aligns with the U.S. Army's Mission Command On-The-Move concept, enhancing operational agility in dynamic environments.

Raytheon, a part of RTX (NYSE: RTX), has secured a contract from the U.S. Army Futures Command Futures and Concepts Center to conduct large-scale concept experimentation and mission analysis using their Rapid Campaign Analysis and Demonstration Environment (RCADE) solution. This initiative aims to assist military leaders in evaluating multi-domain conflict scenarios, thereby identifying important capabilities for future battlefields. Colin Whelan, president of Advanced Technology at Raytheon, highlighted that RCADE leverages real-world analytics and data to provide credible and unbiased solutions. The collaboration seeks to address evolving threats and enhance the Army's ability to quickly adapt and iterate mission strategies.

RTX (NYSE: RTX) is set to release its second quarter 2024 earnings results on July 25, 2024, before the market opens. Following the release, a conference call will be held at 8:00 a.m. ET to discuss the results. Investors can access the live webcast and replay on the company's website, www.rtx.com. Additionally, a corresponding presentation will be available for download prior to the call.

Collins Aerospace, a business of RTX (NYSE: RTX), has announced that France's Direction Générale de l'Armement (DGA) has selected its vehicle-mounted Air Traffic Navigation, Integration, and Coordination System (ATNAVICS) for the French Armée de Terre. This tactical control system will enhance rapid deployment capabilities for ground control approaches. The announcement was made during Eurosatory, highlighting ATNAVICS' capacity for air traffic services in remote or severe environments. With over two decades of service in the U.S. military, ATNAVICS is fully autonomous, compliant with International Civil Aviation Organization standards, and has been continuously upgraded. France joins the U.S. Army, Marine Corps, and Air Force in using this system.

Raytheon, an RTX business, has secured a $506 million contract from NASA to design and build the Landsat Next Instrument Suite (LandIS).

This suite includes three next-generation space instruments, with an option for an additional one, aimed at enhancing Earth observation capabilities.

Through multispectral imaging, LandIS will capture images every six days, providing improved spatial, temporal, and spectral resolution, which is expected to bolster data on water quality, crop production, soil conservation, forest management, mineral mapping, and climate change impacts.

Raytheon has a longstanding history with the Landsat mission, dating back to the 1970s. The first LandIS sensor delivery is anticipated in 2028, with the work being executed in El Segundo, California.

RTX's Blue Canyon Technologies has been chosen by NASA to build two 12U CubeSat buses for the PolSIR mission, which will study high-altitude ice clouds in tropical and sub-tropical regions. The mission aims to improve climate forecasts by observing the daily cycle of ice content in clouds using polarized submillimeter radiometers over two wavelengths. Blue Canyon will also handle mission operations services. This project builds on Blue Canyon's experience with weather monitoring missions like TEMPEST-D and TROPICS.

Raytheon's RTX business has been awarded a $677 million contract to produce AN/SPY-6(V) radars for the U.S. Navy. This is the third exercise of a contract dating back to March 2022, which could be worth up to $3 billion over five years. Seven additional radars will be delivered, bringing the total to 38 under contract. The SPY-6 radars enhance air surveillance, electronic warfare protection, and detection capabilities. The USS Jack H. Lucas (DDG 125) and USS Richard M. McCool Jr. (LPD 29) are the first ships equipped with the new radar systems. SPY-6 is projected to be deployed on 65 Navy ships over the next decade.