STOCK TITAN

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.

Rhea-AI Summary

Raytheon Technologies (NYSE: RTX) has announced a strategic investment in Hermeus Corporation, joining a $100 million Series B financing round to support the development of hypersonic aircraft. The investment is part of RTX Ventures, aiming to advance aerospace and defense innovations. This partnership will enhance Hermeus' efforts in building its Quarterhorse aircraft and accelerating the Darkhorse project. RTX Ventures focuses on areas like artificial intelligence and precision sensing, emphasizing the importance of hypersonic technologies for national security.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.53%
Tags
none
-
Rhea-AI Summary

Intelsat has appointed four new leaders to enhance its financial and commercial functions. Toby O’Brien, previously CFO at Raytheon Technologies (RTX), will become Intelsat’s new CFO. Michael DeMarco shifts to Chief Commercial Officer after over 20 years with Intelsat. Clay McConnell is named Senior VP of Corporate Communications and Marketing, joining from Delta Air Lines (DAL). Jeff Sare becomes President of the Commercial Aviation division, previously with Panasonic Avionics. These appointments aim to bolster Intelsat's strategic initiatives in global connectivity.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.47%
Tags
none
-
Rhea-AI Summary

Pratt & Whitney, a Raytheon Technologies business, announced that Qantas Airways has selected its GTF™ engines to power 40 Airbus A220 and A320neo aircraft, including the A321XLR, primarily for domestic and short-haul international routes. The announcement took place in Sydney, Australia, where leaders from both companies celebrated the partnership. Alongside the engine supply, Pratt & Whitney will provide long-term maintenance through an EngineWise® agreement. Aircraft deliveries are set to begin in the latter half of 2023.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.73%
Tags
none
Rhea-AI Summary

Raytheon Missiles & Defense, a Raytheon Technologies business, has completed a Series A investment in Firehawk Aerospace, focusing on high-performance propulsion technology. The collaboration aims to integrate Firehawk's advanced propulsion systems into future missile systems over the coming years. Firehawk holds several patents in hybrid propulsion technologies, which are expected to enhance defense capabilities against advanced threats. This partnership signifies a strategic move to innovate missile technology, crucial for meeting evolving military challenges.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
Tags
none
-
Rhea-AI Summary

Pratt & Whitney, a division of Raytheon Technologies Corp. (NYSE: RTX), is partnering with Air Canada to provide GTF™ engines for 30 firm and 14 optional Airbus A321XLR aircraft. Alongside engine supply, Pratt & Whitney will maintain the engines through an EngineWise® Comprehensive service agreement. Deliveries are slated to begin in Q1 2024. The GTF engines are notable for their fuel efficiency, having saved over 600 million gallons of fuel and reduced emissions significantly since 2016, thus enhancing sustainability in aviation.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
Tags
none
-
Rhea-AI Summary

Raytheon Technologies (RTX) reported a first-quarter 2022 sales increase of 3% year-over-year, totaling $15.7 billion. GAAP EPS rose 45% to $0.74, with adjusted EPS at $1.15, up 28%. Free cash flow was $37 million, significantly down 89% compared to the previous year. The company anticipates full-year sales between $67.75 and $68.75 billion, slightly decreased from earlier estimates. Notable bookings included $1.2 billion in classified defense contracts. The backlog stands at $154 billion.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
Tags
none
Rhea-AI Summary

Raytheon Technologies (NYSE: RTX) announced a dividend increase of 55 cents per share, reflecting a 7.8% rise from the previous quarter. The dividend is payable on June 16, 2022 to shareholders of record as of May 20, 2022. This decision underscores the company's commitment to returning value to shareholders, aiming to distribute at least $20 billion in capital over four years post-merger. Raytheon has a strong history of dividend payments, having paid cash dividends annually since 1936.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
Tags
management dividends
-
Rhea-AI Summary

The U.S. Navy has awarded Raytheon Missiles & Defense, a subsidiary of Raytheon Technologies (RTX), a contract worth $483 million for activation, sustainment, and modernization services. If options are exercised, the total could reach $1.68 billion over five years. The contract includes support for the Zumwalt-class destroyers, focusing on engineering, cyber protection, software upgrades, design, system integration, and training. This reinforces Raytheon's role as a key systems integrator in advanced military capabilities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.09%
Tags
none
-
Rhea-AI Summary

Raytheon Technologies (NYSE: RTX) will announce its first quarter 2022 earnings on April 26 before the market opens. A conference call is scheduled for 8:30 a.m. ET. Access to the presentation will be available on their website for download before the call. Analysts can participate by calling in between 8:10 a.m. and 8:30 a.m. ET. The conference call will also be broadcasted live online and available for replay via phone from April 26 to May 10.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
Tags
none
Rhea-AI Summary

Raytheon Missiles & Defense, a Raytheon Technologies business (NYSE: RTX), has secured a $651 million contract, which includes options totaling $2.5 billion, for full-rate production of the AN/SPY-6(V) Family of Radars. This five-year contract is aimed at equipping up to 31 U.S. Navy ships with advanced radar systems, enhancing air and missile defense capabilities. Over $600 million has been invested in the SPY-6 radars, which offer superior electronic warfare protection and detection abilities compared to legacy systems. The first installation will be operational in 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.11%
Tags
none

FAQ

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

The current stock price of RTX Corporation (RTX) is $116.63 as of December 23, 2024.

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

The market cap of RTX Corporation (RTX) is approximately 154.4B.

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.

RTX Corporation

NYSE:RTX

RTX Rankings

RTX Stock Data

154.40B
1.33B
0.08%
80.63%
1.1%
Aerospace & Defense
Aircraft Engines & Engine Parts
Link
United States of America
ARLINGTON