RTX Corporation - RTX STOCK NEWS

Pratt & Whitney, an RTX business, has been awarded a $1.3 billion contract to continue work on the F135 Engine Core Upgrade (ECU) for the F-35 fighter jet. The ECU will enhance engine durability and provide power and cooling for Block 4 and beyond capabilities across all F-35 variants.

Key points:

• The contract enables continued design maturation and aircraft integration
• Over 700 engineers and program managers are working full-time on the program
• The F135 program supports more than 57,000 jobs across 43 states
• Pratt & Whitney has delivered over 1,200 F135 production engines with more than 900,000 flight hours
• The ECU will be incorporated into new F-35s and retrofitted at multiple depot facilities worldwide

Raytheon, an RTX business, has delivered its first sensor payload for the U.S. Space Force's Next-Generation Overhead Persistent Infrared (Next-Gen OPIR) Geosynchronous Earth Orbit (GEO) Block 0 missile warning satellite. This delivery to prime contractor Lockheed Martin keeps the project on track for a 2025 initial launch capability. The Next-Gen OPIR GEO satellites aim to enhance missile warning resilience and performance, with two satellites eventually providing continuous coverage over mid-latitudes.

Prior to delivery, Raytheon completed important assessments, including thermal vacuum testing to validate digital models and ensure the sensor meets design requirements. The second sensor payload is over 60% complete and scheduled for thermal vacuum testing in early 2025. These payloads are designed to offer early, resilient warning against increasingly challenging ballistic threats from adversaries.

Raytheon, an RTX business, has secured a $525 million contract from the U.S. Navy to produce ESSM Block 2 missiles and spares for the U.S. and allied nations. The ESSM Block 2 is a short to medium-range, ship-launched, dual-mode guided missile with increased maneuverability and improved performance over its predecessor.

Key features of the ESSM Block 2 include:

• Reduced dependence on shipboard illumination
• Integration with various combat systems and launchers
• Improved performance in stressing marine environments
• Significant digital processing margin for future software improvements

The missile is managed by the NATO SEASPARROW Consortium, comprising 12 nations, and represents over 50 years of international military-industrial cooperation.

Raytheon, an RTX business, has delivered the first AN/TPY-2 radar to the Kingdom of Saudi Arabia. This missile defense radar features a complete Gallium Nitride (GaN) populated array, marking a significant advancement in its capabilities. The GaN technology provides greater sensitivity, increased range, and expanded surveillance capacity.

The upgraded AN/TPY-2 radar includes more than 50 enhancements, improving Saudi Arabia's missile defense capabilities. Operating in the X-band of the electromagnetic spectrum, it can distinguish between actual threats and non-threat objects. In Terminal mode, the radar directly communicates with the Terminal High Altitude Area Defense (THAAD) system.

Latvian airline airBaltic and Pratt & Whitney, an RTX business, have announced a long-term EngineWise™ Comprehensive maintenance services agreement for airBaltic's GTF engine fleet. The 17-year per-engine agreement links maintenance costs to engine utilization and provides greater transparency in planning and costs. This deal supports airBaltic's growth plans towards a 100 Airbus A220-300 fleet by 2030.

airBaltic, the global launch operator of the Airbus A220-300, has experienced a 25% reduction in fuel burn per seat with the PW1500G GTF engines compared to previous generations. The agreement aims to optimize fleet performance as airBaltic expands its route network, while maintaining a focus on fuel efficiency, lower carbon emissions, and reduced noise footprint.

Collins Aerospace, an RTX (NYSE: RTX) business, has received the first-ever FAA Technical Standard Order (TSO) approval for a fully enabled multi-core processor. The Collins Multifunction Display, powered by Mosarc™, will increase cockpit processing power by 75% compared to traditional single core processors. This certification allows for simultaneous use of all processing cores across all Design Assurance Level (DAL) standards.

Key benefits include:

• 12 times faster data processing
• 40% less power consumption
• Integration of multiple operating systems
• Rapid third-party integration
• Reduced certification time for new capabilities

The display has completed over 6,000 hours of flight tests and is optimized for rotary-wing, fighter, bomber, and trainer environments.

Raytheon, an RTX business, has been awarded a Navy ManTech project by Penn State University's Applied Research Laboratory to streamline the production of SPY-6 Transmit/Receive (TR) modules. The project aims to implement manufacturing advancements such as automation, new material sources, and process yield improvements, which are expected to reduce production costs for the U.S. Navy across the SPY-6 radar's life cycle.

SPY-6 is the Navy's family of radars that provides 360-degree integrated air and missile defense for various ship classes. The modular construction of SPY-6 variants, using common hardware and software, enhances reliability and reduces maintenance costs. New SPY-6 radio frequency TR modules are anticipated to be delivered in 2026-2027.

Raytheon, an RTX business, and Northrop Grumman have successfully completed a static fire test of an advanced long-range solid rocket motor in West Virginia. The test demonstrated wired end-burning technology for hypersonic applications and validated the design maturity and performance of the rocket motor. Both companies leveraged their digital engineering expertise to accelerate development using model-based systems engineering.

This milestone proves the significant capability of the solid rocket motor and demonstrates the ability to meet requirements for challenging long-range fires kill chains. The wired end-burning technology provides extended range over conventional rocket motors, pushing the boundaries on next-generation propulsion technology. This collaboration aims to deliver capability to servicemen and women on an accelerated schedule.

RTX (NYSE: RTX) has announced that its President and CEO, Chris Calio, will be presenting at the Morgan Stanley 12th Annual Laguna Conference on Wednesday, September 11, 2024. The presentation is scheduled for 11:45 a.m. Eastern Time. Investors and interested parties can access a live broadcast of the presentation on the company's official website, www.rtx.com. For those unable to attend or watch the live stream, RTX will archive the presentation on their website for later viewing.

This event provides an opportunity for RTX to showcase its latest developments and strategies to investors and analysts. The Morgan Stanley conference is a significant platform for companies to present their business outlook and engage with the financial community.