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.
Raytheon Technologies has announced the appointment of Raja Maharajh as its new general counsel, effective immediately. Maharajh, previously serving as general counsel for Pratt & Whitney, will report directly to CEO Greg Hayes. He replaces Frank Jimenez, who is leaving to pursue other opportunities. Maharajh has been with Raytheon since 2004, holding several leadership positions and bringing extensive legal experience. His new role involves overseeing legal affairs, corporate governance, and compliance, contributing significantly to the company’s strategic objectives.
Raytheon Technologies' Board of Directors has authorized a $6 billion share repurchase program, replacing the previous one from December 2020. The buyback will be conducted at the company’s discretion and depending on market conditions, utilizing various methods such as open market purchases. This move is intended to enhance shareholder value while the company continues to deliver advanced systems across its aerospace and defense sectors. The announcement includes a cautionary note regarding forward-looking statements and market risks.
Raytheon Missiles & Defense has been selected by the Missile Defense Agency (MDA) to develop the Glide Phase Interceptor (GPI), aimed at countering hypersonic threats. The interceptor is designed to engage missiles maneuvering at speeds exceeding five times the speed of sound. The development will focus on reducing technical risks and demonstrating intercept capabilities during the glide phase. The GPI will be integrated into the U.S. Navy's Aegis Weapon System, enhancing Raytheon's missile defense portfolio, which is crucial for both military and government customers.
Raytheon Technologies Corporation (NYSE: RTX) announced on November 16, 2021, the pricing terms for cash tender offers to purchase up to $2.1 billion of certain notes. The company plans to accept the 7.100% Notes due 2027 in full, while other notes will be accepted based on priority levels. The early tender premium of $50 per $1,000 principal is included in the total consideration. The offers are set to expire on November 30, 2021, unless extended. The completion of a prior offering also indicates successful funding for these offers.
Raytheon Technologies Corporation (NYSE: RTX) announced early results of its cash tender offers to purchase up to $2.1 billion in notes. As of November 15, 2021, several series of notes were accepted, including 6.125% Notes due 2038 and 5.700% Notes due 2040, with significant percentages tendered. Withdrawal rights expired on the same date. Due to the early tender exceeding the Offer Cap, no final settlement date will occur, and notes tendered post-early tender time will not be accepted. The total consideration will be announced on November 16, 2021.
Raytheon Technologies, through its subsidiary Blue Canyon Technologies, is set to develop a microsatellite bus for NASA's Solar Cruiser project, the largest solar sail mission to date. The Solar Cruiser, covering 18,000 square feet, aims to advance solar sail propulsion technology, enhancing NASA's space science missions. Scheduled for launch no earlier than 2025, the project reflects two decades of development in solar sail technology. Blue Canyon's role includes creating customized components and software for the mission.
Raytheon Technologies (NYSE: RTX) CFO Neil Mitchill will present at Baird's 2021 Virtual Global Industrial Conference on November 9, 2021, at 7:55 a.m. Eastern Time. The presentation will be streamed live and available for later viewing on the company's official website, www.rtx.com. Raytheon Technologies, an aerospace and defense leader formed in 2020, operates four major businesses including Collins Aerospace Systems and Pratt & Whitney, delivering advanced solutions in various sectors.
Raytheon Technologies (RTX) has initiated cash tender offers for up to $2.1 billion in aggregate purchase price for certain outstanding notes, effective November 1, 2021. The company aims to purchase validly tendered notes by using a priority acceptance method based on fixed spreads over U.S. Treasury yields. Key notes involved include the 6.125% Notes due 2038 and others with various dates and yields. The offers expire on November 30, 2021, with early tender deadlines set for November 15, 2021.
Raytheon Technologies (RTX) reported Q3 2021 sales of $16.2 billion, a 10% increase year-over-year. GAAP EPS was $0.93 with adjusted EPS at $1.26. Operating cash flow reached $1.9 billion and free cash flow was $1.5 billion. The company secured a backlog of $156.1 billion, including $65.0 billion for defense contracts. Raytheon raised its 2021 outlook, anticipating sales of approximately $64.5 billion and adjusted EPS between $4.10 and $4.20.
