RTX Corporation - RTX STOCK NEWS

Raytheon Missiles & Defense, in partnership with Northrop Grumman, has completed the first flight test of the HAWC hypersonic weapon for the U.S. Air Force and DARPA. The test demonstrated the weapon's capability to achieve and sustain hypersonic speeds, a vital enhancement for national security. This scramjet-powered missile, which can travel at Mach 5 or greater, signifies a major advancement in missile technology, enabling rapid strikes that can evade traditional defense systems. Both companies aim to deliver a prototype system, with significant implications for future combat capabilities.

Raytheon Missiles & Defense and Northrop Grumman successfully conducted the first flight test of the scramjet-powered Hypersonic Air-breathing Weapon Concept (HAWC) for the U.S. Air Force. This historic test, which validated HAWC's capability to reach hypersonic speeds (Mach 5+), paves the way for developing an affordable, long-range hypersonic system. This advancement is expected to strengthen national security and enhance warfighting capabilities by enabling hypersonic weapons to evade traditional defense systems.

Raytheon Intelligence & Space has inaugurated a new 178,000-square-foot Advanced Integration and Manufacturing Center in McKinney, Texas, backed by a $100 million investment. This facility is expected to create 500 skilled jobs. The company also plans to construct a 400,000-square-foot factory by 2025, adding another 700 jobs. The expansion aims to enhance digital capabilities, improve efficiency, and meet growing customer demand. By integrating technologies like AI and data analytics, Raytheon aims to innovate and grow its operations significantly.

Raytheon Technologies (NYSE: RTX) announced a definitive agreement to acquire SEAKR Engineering, a leading supplier of advanced space electronics, enhancing its capabilities in the space sector. The acquisition, pending regulatory approvals, positions SEAKR as a wholly-owned subsidiary under Raytheon Intelligence & Space. SEAKR, with over 540 employees, boasts a 100% on-orbit success rate across 300 flight units. This strategic move aims to expand Raytheon's core space business and accelerate innovation in space technology.

Collins Aerospace, a unit of Raytheon Technologies (NYSE: RTX), introduced Lilac-UV, a new ultraviolet lighting solution designed to sanitize aircraft interiors effectively. This innovative system can disinfect surfaces in seconds and can be programmed for scheduled cleanings or used manually. Developed in collaboration with Boeing, Lilac-UV aims to enhance passenger safety and confidence in air travel. The system is adaptable, requiring minimal installation changes, and includes an intelligent dosage controller for efficient operation. It is a finalist for the 2021 Crystal Cabin Award in the Clean & Safe Air Travel category.

On August 30, 2021, Collins Aerospace, a division of Raytheon Technologies (RTX), announced its plan to acquire FlightAware, a leader in digital aviation and flight tracking solutions. The acquisition will place FlightAware under Collins' Information Management Services within its Avionics business unit. While the financial details remain undisclosed, the deal aims to enhance global connectivity and innovation in aviation efficiency. FlightAware, known for its extensive flight data analytics, will help Collins unlock new capabilities for its customers.

Collins Aerospace, a subsidiary of Raytheon Technologies (NYSE: RTX), has partnered with the International Air Transport Association (IATA) to enhance international travel safety through its Travel Pass digital health platform. This initiative allows passengers to manage and share verified health information, aiding in border re-openings. The integration of IATA's Travel Pass with Collins Aerospace's TransAction solution will enable secure exchanges of passenger data across airline systems. Over 60 airlines are already participating, signaling a significant step towards restoring confidence in air travel.

Raytheon Technologies Corporation (RTX) reported robust second quarter 2021 results, achieving sales of $15.9 billion, a 13% increase year-over-year. GAAP EPS was $0.69, with adjusted EPS at $1.03. Operating cash flow stood at $1.3 billion and free cash flow at $966 million. The company raised its 2021 sales outlook to $64.4 - $65.4 billion, increasing adjusted EPS expectations to $3.85 - $4.00. Key bookings included significant contracts in defense, contributing to a backlog of $151.8 billion.

Raytheon Technologies (NYSE: RTX) has appointed Jeff Shockey as the new senior vice president of Global Government Relations, succeeding Timothy McBride, who will leave the company later this year. Shockey, joining from Boeing, brings extensive expertise in defense and intelligence policy. He will report directly to CEO Gregory Hayes and will focus on managing the company's relationships with various policymakers. Hayes expressed gratitude towards McBride for his contributions during a pivotal transformation period for the company.