Welcome to our dedicated page for RTX news (Ticker: RTX), a resource for investors and traders seeking the latest updates and insights on RTX stock.
RTX Corp (NYSE: RTX) delivers cutting-edge solutions across aerospace and defense through its Collins Aerospace, Pratt & Whitney, and Raytheon segments. This news hub provides investors and industry professionals with centralized access to official updates and market analysis.
Track critical developments including quarterly earnings, defense contract awards, and aviation technology innovations. Our curated collection ensures you stay informed about strategic partnerships, regulatory milestones, and operational advancements shaping this industrial leader.
Discover press releases covering next-generation engine developments, aerospace component innovations, and defense system upgrades. Bookmark this resource for real-time updates on RTX's position in global aviation infrastructure and national security solutions.
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.
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.
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.
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.
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.
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.
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.
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.
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.
