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.
Raytheon Technologies has appointed Barbara Borgonovi as the new senior vice president of Corporate Strategy & Development, effective April 1, 2022. She brings over two decades of experience in defense and aerospace, previously serving as president of the Intelligence, Surveillance and Reconnaissance Systems unit. Borgonovi will be responsible for enhancing profitability and pursuing merger and acquisition opportunities. This transition follows Michael Dumais' move to an outside strategic advisor role, aiming for continued leadership in the aerospace and defense sectors.
Intelsat has appointed David Wajsgras as its new CEO, effective April 4. Wajsgras, who has extensive experience in the aerospace industry, succeeds Stephen Spengler, retiring after 18 years. Previously, Wajsgras was president of a $7.5 billion business at Raytheon Technologies (RTX) and CFO at Lear Corporation (LEA). The board highlights Wajsgras's leadership skills and believes he is well-suited to guide Intelsat during this pivotal time. The company aims to maintain its leading market position and further develop its global communications capabilities.
Raytheon Technologies Corporation (NYSE: RTX) has appointed Christopher T. Calio as chief operating officer, effective March 1, 2022, succeeding Shane G. Eddy as president of Pratt & Whitney. Calio, with over 20 years of executive experience in aerospace, previously led Pratt & Whitney through significant enhancements, including the GTF Advantage™ engine. Eddy, now president, has extensive industry leadership experience and will focus on further optimizing Pratt & Whitney's operations. CEO Greg Hayes emphasized Calio's leadership as vital for the company's growth and transformation.
Raytheon Technologies Corporation (NYSE: RTX) announced a dividend of 51 cents per share, payable on Mar. 24, 2022, to shareholders recorded by Feb. 25, 2022. The company has consistently paid dividends since 1936, emphasizing its commitment to returning value to investors. Raytheon Technologies operates in aerospace and defense, providing innovative solutions for commercial and military clients. While it expresses a strong dividend history, caution is advised regarding future dividends, as past performance does not guarantee future distributions due to various risks.
Raytheon Technologies (NYSE: RTX) Chairman and CEO Greg Hayes is set to address the Barclays Industrial Select Conference on February 23, 2022, at 10:20 a.m. ET. The event will be accessible via live broadcast and will also be archived for later viewing at www.rtx.com. Raytheon Technologies is a premier aerospace and defense enterprise, formed in 2020, focusing on innovative solutions across various sectors including cybersecurity, hypersonics, and quantum physics.
MassMutual has appointed Dr. Bernard A. Harris, Jr. to its Board of Directors, effective February 1, 2022. Dr. Harris, a former astronaut and business leader, is expected to bring a diverse range of experiences to the board. He has extensive expertise in healthcare technology and has served on multiple boards, including Raytheon Technologies (RTX) and U.S. Physical Therapy (USPH). MassMutual aims to leverage Dr. Harris's insights for future growth, reflecting its commitment to diverse governance practices.
Raytheon Technologies (RTX) reported Q4 2021 sales of $17.0 billion, a 4% increase year-over-year, with a GAAP EPS of $0.46 and adjusted EPS of $1.08. The company achieved $3.2 billion in operating cash flow and $2.2 billion in free cash flow. For the full year, RTX generated $64.4 billion in sales, with adjusted EPS of $4.27. The outlook for 2022 includes anticipated sales of $68.5 - $69.5 billion and free cash flow of approximately $6.0 billion.
Strong backlog at $156 billion reflects robust demand in both commercial aerospace and defense sectors.
RTX A/S has announced new additions to its Sheerlink TM wireless solutions during the NAMM 'Believe in Music Week' event on January 20-21, 2022. These innovations allow manufacturers to double the number of active TX devices on one receiver while maintaining usability, latency, and audio quality at minimal additional costs. Enhanced features include an auxiliary audio channel for increased versatility and deployment using RTX1290 or RTX1090 modules, simplifying design processes amidst component supply challenges. RTX aims to expand product portfolios for customers through these advancements.
State Street Corporation (NYSE: STT) has been selected by Raytheon Technologies (NYSE: RTX) to provide comprehensive financial services for the $54 billion Raytheon Technologies Corporation Savings Plan Master Trust. This arrangement includes trustee, custody, asset management, securities lending, and transition management services. The collaboration reflects a long-standing partnership exceeding 30 years, highlighting State Street's capability in investment servicing and management.
Collins Aerospace, a Raytheon Technologies business, has been chosen by Boeing to provide next-generation lavatories for the 737 aircraft family. This innovative lavatory, available in 2025, features a modular design with customization options, touchless technology, and a centralized computing system. These enhancements aim to improve passenger experience and operational efficiency for airlines. The modern lavatory design is intended to set a new standard for single-aisle aircraft, offering flexibility and advanced features, including accessible options for passengers with mobility issues.
FAQ
What is the current stock price of RTX Corporation (RTX)?
What is the market cap of RTX Corporation (RTX)?
What are the main business segments of RTX Corporation?
Where is RTX Corporation headquartered?
What recent renewable energy initiative has RTX undertaken?
How did RTX perform financially in the first quarter of 2024?
What is Collins Aerospace known for?
What are Pratt & Whitney's key products?
What does the Raytheon segment specialize in?
What is the significance of RTX's agreement with ENGIE North America?
How many global employees does RTX have?
What is the mission of Blue Canyon Technologies, an RTX company?
