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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 EPACS F-35 power and thermal management system demonstrates 80 kW cooling capacity

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RTX's Collins Aerospace business has demonstrated 80 kilowatts of cooling capacity for its Enhanced Power and Cooling System (EPACS), positioned as a replacement to the current F-35 power and thermal management system (PTMS). This new system aims to support F-35 modernization and future upgrades, meeting urgent mission requirements and extending the aircraft's lifespan. The EPACS is designed to deliver more than double the F-35's current cooling capability, addressing the overtasked existing PTMS and providing substantial cost savings to taxpayers.
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RTX's CHIMERA high-power microwave system excels during three-week field test

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Raytheon, an RTX (NYSE: RTX) business, has successfully completed a three-week field test of the CHIMERA high-power microwave (HPM) weapon at White Sands Missile Range in New Mexico. The CHIMERA system demonstrated end-to-end fire control, acquiring and tracking aerial targets and maintaining tracking for the entire flight path. This is part of the Directed Energy Front-line Electromagnetic Neutralization and Defeat (DEFEND) program, aiming to design, build, and test HPM systems for front-line deployment. The successful test of CHIMERA is a testament to the strong partnership between Raytheon and the AFRL, and their commitment to developing non-kinetic solutions to counter increasingly sophisticated threats.
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RTX's Raytheon business awarded $154 million to deliver Commander's Independent Viewer units to the U.S. Army

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Raytheon, an RTX (NYSE: RTX) business, secures a $154 million contract to deliver Commander's Independent Viewer (CIV) systems to the U.S. Army for upgrading Bradley Fighting Vehicles. The electro-optical/infrared sight system will provide 360-degree battlefield oversight and targeting capabilities. The system aims to enhance survivability and battlefield performance, offering early threat detection, all-weather performance, and increased ability to locate, identify, and defeat targets in any condition. Production will take place in McKinney, Texas, with the first delivery expected in June 2026.
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RTX Reports 2023 Results and Announces 2024 Outlook

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RTX reported 10% sales growth in Q4, with sales of $19.9 billion, and exceeded full-year cash flow expectations. The company's reported sales for the full year 2023 were $68.9 billion, reflecting a 3% increase over the prior year. RTX also announced its outlook for 2024, projecting sales of $78.0 - $79.0 billion, adjusted EPS of $5.25 - $5.40, and free cash flow of approximately $5.7 billion. The company reaffirmed its 2025 financial commitments, including adjusted annual sales growth of 5.5 to 6.0 percent, adjusted segment margin expansion, free cash flow commitment of $7.5 billion, and capital return commitment of $36 to $37 billion through 2025.
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RTX's Pratt & Whitney Canada unveils high voltage bidirectional mobile charging unit for hybrid-electric flight demonstrator

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Pratt & Whitney Canada has developed an advanced mobile charging unit (MCU) capable of charging high-power batteries at up to 1500 volts, making it compatible with Megawatt Charging System standards. The MCU was developed in collaboration with the National Research Council of Canada (NRC) and the Innovative Vehicle Institute (IVI) as part of the RTX hybrid-electric flight demonstrator project. It can deliver up to 280 kW and 1500 volts and has bidirectional capability, enabling it to both charge and discharge batteries. The charger sets a new standard for supporting high voltage systems and is a critical component of RTX's strategy for enabling more sustainable aviation and supporting the industry's goal of reaching net-zero CO2 emissions by 2050.
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RTX Raytheon's GhostEye® MR proves operational readiness during U.S. Air Force exercise

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Raytheon (RTX) and partners demonstrate operational performance of GhostEye MR sensor for National Advanced Surface to Air Missile System (NASAMS) in partnership with the U.S. Air Force Research Laboratory and Kongsberg Defence & Aerospace
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RTX completes technical review for prototype of U.S. Navy's HALO missile

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Raytheon (RTX) has completed phase one of the U.S. Navy's Hypersonic Air Launched Offensive Anti-Surface (HALO) program, successfully conducting a technical review and prototype fit-check. The HALO missile is designed to provide the Navy with greater anti-surface warfare capability, enabling operations in contested environments and supporting their long-range fires strategy. The company's president of Advanced Technology, Colin Whelan, emphasized the importance of delivering proven technology to address advanced threats at the pace required by the Navy. Raytheon's digital and model-based engineering techniques have accelerated the HALO missile's development, with successful fit checks on the Navy's Super Hornet aircraft ensuring compatibility. The company was awarded the phase one HALO contract in March 2023, and the program is being completed in Tucson, Arizona.
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RTX names Phil Jasper as President, Raytheon

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RTX (NYSE: RTX) announces the appointment of Phil Jasper as the new president of Raytheon, succeeding Wesley D. Kremer, who will retire at the end of Q1 2024. Jasper, a 31-year aerospace and defense veteran, will lead the business and its industry-leading franchises in missile defense, air-to-air missiles, fire control radars, and electro-optical/infra-red systems. This follows his successful tenure as president of Collins Aerospace's Mission Systems strategic business unit, where he transitioned commercial aerospace technologies to the defense sector and delivered innovation in battlefield communications and networking solutions.
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NSPA awards COMLOG a contract for Patriot missiles

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NSPA awards COMLOG, a joint venture between Raytheon (RTX) and MBDA, a $5.6 billion contract for Patriot missiles under the European Sky Shield Initiative, strengthening European industrial and military capabilities.
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RTX awarded $400 million to deliver StormBreaker smart weapons to the U.S. Air Force

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Raytheon (RTX) Awarded $400 Million Contract by U.S. Air Force for StormBreaker Smart Weapons Production
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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

#73 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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