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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.
RTX BBN Technologies has been awarded a contract to support ARPA-H's Chatbot Accuracy and Reliability Evaluation (CARE) initiative. The company will develop the Monitoring, Evaluation and Diagnosing of Intelligent Chatbots (MEDIC) system to assess medical chatbots' reliability in healthcare settings.
The project aims to address critical limitations in current AI healthcare systems, which often generate inaccurate or misleading responses. The MEDIC framework will include integration of healthcare stakeholder insights, medical text validation, demographic-specific prompt engineering, and advanced information extraction techniques to detect inaccuracies.
The initiative involves collaboration with Johns Hopkins University, Johns Hopkins University School of Medicine, and Howard University Hospital, with work being conducted in Cambridge, Baltimore, and Washington, D.C.
Raytheon, an RTX business, has secured a $590 million follow-on production contract from the U.S. Navy for the Next Generation Jammer Mid-Band (NGJ-MB) system. This program, developed in cooperation with the Royal Australian Air Force, includes delivery of shipsets, support equipment, spares, and non-recurring engineering support.
The NGJ-MB system will be deployed on EA-18G GROWLER® aircraft by both the U.S. Navy and RAAF to counter advanced radar threats, communications, data links, and non-traditional radio frequency threats. The system enhances combat capabilities by reducing adversary targeting ranges, disrupting kill chains, and supporting kinetic weapons targeting. Work will be conducted across multiple U.S. locations through 2028.
Pratt & Whitney, an RTX business, has signed a letter of intent with the Polish Air Force University to provide education on F100 and F135 fighter engine propulsion systems. The program will focus on advanced jet propulsion design, manufacturing, and production of engines powering Poland's F-16s and future F-35s.
The company's Rzeszów facility produces F100 static structures, critical rotating parts, and F135 components. In 2024, Pratt & Whitney strengthened Poland's fleet readiness by delivering F100 engines for F-16s and signing an agreement with Military Aviation Works No. 2 to explore expanded maintenance capabilities.
Raytheon, an RTX business, has completed a Delta Design Review of its Advanced Electronic Warfare (ADVEW) prototype for the U.S. Navy's F/A-18 E/F Super Hornet ahead of schedule. The system, designed to replace existing electronic warfare components, aims to enhance aircraft survivability and sustainability.
The review evaluated weapons replaceable assemblies and system hardware integration, confirming the system's capability to provide critical electronic attack and support measures. The project, awarded through an $80 million contract in December last year, will proceed to government laboratory testing to validate Open Mission Systems compliance and demonstrate advanced system attributes.
Raytheon's development approach utilizes digital and model-based systems engineering tools, enabling efficient scaling, cost reduction, and supply chain optimization.
RTX BBN Technologies is developing advanced photonic sensors under DARPA's INSPIRED program, aiming to achieve over 10x precision compared to current sensors. The project focuses on creating compact, low-power sensors using quantum states of squeezed light, pushing detection sensitivity 16 dB below the 'shot noise' limit. The technology will impact various fields including LiDAR, biosensing, navigation, and communications. The team, including partners from Xanadu Quantum, University of Maryland, and Raytheon's Advanced Technology division, will develop a millimeter-scale detector operating within 100 MHz to 10 GHz frequency range.
Collins Aerospace, an RTX business, secured its fourth order for MAPS Gen II systems worth $95 million. The contract involves delivering jam-and-spoof-resistant navigation hardware to the U.S. Army and Marine Corps for combat ground vehicles. The system provides fusion of sensor data, including satellite navigation, terrain mapping, and secured positioning for both crewed and uncrewed vehicles. Collins is expanding production capabilities and developing aftermarket installation kits to streamline fielding and reduce retrofitting complexity.
Pratt & Whitney, an RTX business, has signed a letter of intent with WZL2 to explore expanded maintenance repair and overhaul capabilities for Polish Air Force needs. The collaboration builds on their existing relationship, as Polish employees at Pratt & Whitney Rzeszów built the original F100 engines for Poland's F-16 fleet between 2005 and 2008. The facility currently produces F100 static structures and critical rotating parts. This expansion aims to provide full-cycle F100 engine maintenance in Poland, potentially supporting both F-16 and F-15EX aircraft if the latter is selected by the Polish Air Force.
Raytheon, an RTX business, has secured a U.S. Army contract to develop directed energy wireless power beaming technology. The project aims to distribute power across battlefields, simplify logistics, and protect U.S. troops. The Advanced Technology team will develop transmitter and receiver technologies for long-range demonstration, aligned with Army's manned and unmanned system requirements.
The technology reduces troops' need to carry fuel and batteries, increases operation time, and enables energy uniformity in battlespace without vulnerable fuel depots. Raytheon's expertise in wireless power transmission dates back to the 1960s, holding records for highest energy transfer and longest range.
Collins Aerospace, an RTX business, has secured a $19 million contract from the Department of Defense to upgrade UK Royal Air Force's H-47 Chinooks with its Common Avionics Architecture System (CAAS). The upgrade will make UK Chinooks interoperable with U.S. Chinooks through shared avionics systems and digital cockpit displays. The CAAS Flight2™ system features a Modular Open Systems Approach architecture that enables cost-effective upgrades and reduced sustainment costs. The project aligns with the UK's recent announcement to purchase 14 extended-range Chinooks, contributing £151 million to the UK economy.
Pratt & Whitney, an RTX business, and Air New Zealand announced a US$150 million expansion of the Christchurch Engine Centre. The 14,000 square meter expansion will add maintenance, repair and overhaul (MRO) capabilities for GTF engines, with capacity for up to 140 engine overhauls annually by 2032. Construction begins this month, with the first GTF engine overhaul expected in Q4 2026. The project will create 200 high-value jobs in the Canterbury region. The facility will service both V2500 engines for A321ceo aircraft and PW1100G-JM GTF engines for A320/A321neo aircraft.