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 (NYSE: RTX) has announced a definitive agreement to acquire Blue Canyon Technologies, a leader in small satellites and spacecraft systems. The acquisition is expected to close by early 2021, pending regulatory approval. This move aims to enhance Raytheon’s capability to deliver comprehensive solutions for evolving space market demands. Blue Canyon, based in Boulder, Colorado, has over 90 satellites in production and has supported significant missions for entities like the U.S. Air Force and NASA.
Raytheon Technologies CFO Toby O'Brien will present at Baird's 2020 Virtual Global Industrial Conference on November 11 at 8:30 a.m. ET. The live presentation will be accessible via www.rtx.com and will be archived on the site afterward. Raytheon Technologies is a leading aerospace and defense company formed in 2020 through a merger of Raytheon Company and United Technologies Corporation's aerospace divisions, headquartered in Waltham, Massachusetts.
Zamansky LLC is investigating Raytheon Technologies (NYSE: RTX) for potential breaches of fiduciary duties by its senior officers and board of directors. The investigation follows allegations that Raytheon made false statements regarding its financial accounting and internal controls. This information emerged after the Company revealed it had received a criminal subpoena from the DOJ related to its financial reporting practices. Following this news on October 27, 2020, Raytheon's share price experienced a significant decline.
Raytheon Technologies Corp. (RTX) is under investigation by the U.S. Department of Justice concerning its missile business, with a subpoena dating back over a decade. This criminal inquiry, initiated on October 8, targets accounting and reporting practices in the Missiles & Defense division since 2009. Additionally, Raytheon disclosed a second subpoena from the SEC related to a previously announced probe. Following this news, Raytheon’s stock plummeted 7.4%, closing at $52.34 on heavy trading volume.
Raytheon Technologies Corp. (NYSE: RTX) is under investigation by the U.S. Department of Justice due to a subpoena requesting records from its missile business dating back over a decade. The subpoena, dated Oct. 8, pertains to accounting and reporting matters, prompting concerns among investors. Additionally, Raytheon disclosed a second subpoena from the U.S. Securities and Exchange Commission related to another probe. Following the news, Raytheon's stock fell by 7.4%, closing at $52.34 on high trading volume.
Raytheon Technologies (RTX) reported Q3 2020 sales of $14.7 billion with adjusted sales at $15.0 billion. The GAAP EPS was $0.10 while the adjusted EPS stood at $0.58. The company generated $1.6 billion in operating cash flow and $1.2 billion in free cash flow, exceeding expectations. Key highlights include a robust defense backlog of $70.2 billion and significant cost-saving measures totaling approximately $700 million. However, Collins Aerospace and Pratt & Whitney reported substantial drops in sales, highlighting challenges in the commercial aerospace sector amidst the ongoing pandemic.
Raytheon Technologies (NYSE: RTX) announced a quarterly dividend of 47.5 cents per share, scheduled for payment on December 17, 2020. Shareowners must be on record by the close of business on November 13, 2020. The company has a long-standing history of paying cash dividends since 1936, reflecting its commitment to returning value to shareholders. However, future dividends may vary significantly due to various risks and uncertainties, as noted in their cautionary statements regarding forward-looking statements.
Raytheon Intelligence & Space, a subsidiary of Raytheon Technologies (NYSE: RTX), has been awarded the 'Overall CyberSecurity Company of the Year' by CyberSecurity Breakthrough. This recognition highlights the company's advanced solutions in cyber defense, aimed at protecting critical information for government and business sectors. With a broad suite of services, including Cyber-as-a-Service, Raytheon focuses on proactive threat hunting and managed detection. The awards program received over 3,750 nominations globally, emphasizing the competitive nature of the cybersecurity industry.
Raytheon Missiles & Defense has received approval from the U.S. Air Force's Air Combat Command to deploy the StormBreaker smart weapon on the F-15E aircraft. This decision enhances the capability of F-15E squadrons to engage both maritime and land-based targets effectively in challenging weather conditions. The StormBreaker features a multimode seeker allowing it to hit targets over 40 miles away, significantly reducing aircrew vulnerability. Initial deployment on the F/A-18E/F Super Hornet is scheduled for later this year, followed by integration with the F-35 Joint Strike Fighter.
Raytheon Technologies (NYSE: RTX) is set to announce its third quarter 2020 earnings on October 27, prior to the stock market opening. A conference call will be held at 8:30 a.m. ET, accompanied by a presentation available on the company’s website. Analysts can participate in the Q&A session by pressing '1' during the call. The live broadcast can be accessed online, and a recorded replay will be available from October 27 to November 10 via phone.
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