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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's Pratt & Whitney to power 15 additional single-aisle aircraft for Cebu Pacific Air

Rhea-AI Summary
Pratt & Whitney, an RTX business, secures a deal with Cebu Pacific Air to provide GTF engines for additional A320neo and A321neo aircraft, emphasizing fuel efficiency and carbon emissions savings. The agreement includes engine maintenance services through EngineWise® Comprehensive. This partnership builds on a longstanding relationship between the companies, with deliveries for the new order starting in 2025.
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RTX's Pratt & Whitney Canada adds helicopter engine overhaul capability at Singapore facility

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Pratt & Whitney Canada, an RTX business, is expanding its MRO capabilities by creating a new overhaul line in Singapore for PT6C-67C engines, serving over 300 AW139 helicopters globally. The new facility will enhance maintenance solutions for the engine, with a modular test cell expected to be operational by 2025. With over 600 engines in service in the Asia-Pacific region, the expansion aims to meet the growing demand and evolving needs of customers worldwide.
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RTX's Pratt & Whitney announces further capacity expansion at Singapore Manufacturing Facility

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Pratt & Whitney, an RTX business, invests $20 million to expand manufacturing capacity in Singapore for high pressure turbine disks, increasing annual output by 45% by 2026.
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RTX's Collins Aerospace facility in the Philippines now operating fully on renewable electricity

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Collins Aerospace, an RTX business, announced its Tanauan City facility in the Philippines is now operating on 100% renewable electricity, reducing greenhouse gas emissions by 25,000 metric tons yearly. The site's yearly consumption of 36,000 megawatt hours is equivalent to powering nearly 5,000 homes, marking one of RTX's largest renewable energy projects.
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RTX's Pratt & Whitney Opens Expansion Site at Eagle Services Asia Facility in Singapore

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Pratt & Whitney, an RTX business, expands its Singapore engine center, Eagle Services Asia, by 48,000 square feet to boost its GTF capacity by two-thirds. The expansion showcases a commitment to industrial growth and customer support, integrating cutting-edge technology like robotics and automation for enhanced MRO performance.
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RTX's Pratt & Whitney announces full operations of Singapore Technology Accelerator

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Pratt & Whitney, an RTX business, has made significant progress in advancing maintenance, repair, and overhaul (MRO) performance through the Singapore Technology Accelerator (STA) with over 30 innovations. The collaboration with the Singapore Economic Development Board has led to the development of technologies focusing on automation, advanced inspection, connected factory, and digital twin to enhance MRO shop performance. Pratt & Whitney aims to expand these innovations globally to improve customer support and operational efficiency.
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RTX will showcase the future of flight and the latest advancements in global security at Singapore Airshow 2024

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RTX, the world's largest aerospace and defense company, is set to feature its latest commercial and defense technologies at the Singapore Airshow. With a strong presence in Singapore and the Asia-Pacific region, RTX aims to showcase its commitment to serving military and commercial aviation customers, expanding aftermarket capabilities, and advancing the future of air travel. The company will highlight sustainable, connected flight solutions, including electric and hybrid-electric propulsion capabilities and Connected Aviation Ecosystem solutions. Additionally, defense solutions supporting air warfare needs will be showcased, emphasizing RTX's dedication to innovation and growth in the region.
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Pratt & Whitney Canada Selects Latecoere to Design and Build Structural Composite Assembly for RTX Hybrid-electric Flight Demonstrator Program

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Latecoere and Comtek Advanced Structures, subsidiaries of Pratt & Whitney Canada, have been chosen to design a major structural assembly for the RTX Hybrid-Electric Flight Demonstrator program. This collaboration aims to develop hybrid-electric propulsion technology to reduce CO2 emissions in aviation. Latecoere will design the underwing fairing for the experimental aircraft, showcasing their expertise in aerostructures engineering and composite materials.
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RTX's Pratt & Whitney receives a $355 million F100 engine sustainment contract for South Korea's F-15s, F-16s

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Pratt & Whitney, an RTX business, secures a $355 million F100 engine PBL sustainment contract with South Korea's DAPA, enhancing fleet readiness and efficiency.
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RTX's Pratt & Whitney expands operations with opening of new India Digital Capability Center

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Pratt & Whitney, an RTX business, establishes the India Digital Capability Center in Bengaluru to drive digital transformation and innovation. The center will collaborate with other RTX businesses and is expected to grow to over 300 employees by 2027, focusing on various digital technology capabilities.
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FAQ

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

The current stock price of RTX Corporation (RTX) is $116.83 as of December 24, 2024.

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

The market cap of RTX Corporation (RTX) is approximately 155.5B.

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
#1355 Ranked by Dividends

RTX Stock Data

155.50B
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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