RTX Corporation - RTX STOCK NEWS

RTX (NYSE: RTX) is set to release its second quarter 2024 earnings results on July 25, 2024, before the market opens. Following the release, a conference call will be held at 8:00 a.m. ET to discuss the results. Investors can access the live webcast and replay on the company's website, www.rtx.com. Additionally, a corresponding presentation will be available for download prior to the call.

Collins Aerospace, a business of RTX (NYSE: RTX), has announced that France's Direction Générale de l'Armement (DGA) has selected its vehicle-mounted Air Traffic Navigation, Integration, and Coordination System (ATNAVICS) for the French Armée de Terre. This tactical control system will enhance rapid deployment capabilities for ground control approaches. The announcement was made during Eurosatory, highlighting ATNAVICS' capacity for air traffic services in remote or severe environments. With over two decades of service in the U.S. military, ATNAVICS is fully autonomous, compliant with International Civil Aviation Organization standards, and has been continuously upgraded. France joins the U.S. Army, Marine Corps, and Air Force in using this system.

Raytheon, an RTX business, has secured a $506 million contract from NASA to design and build the Landsat Next Instrument Suite (LandIS).

This suite includes three next-generation space instruments, with an option for an additional one, aimed at enhancing Earth observation capabilities.

Through multispectral imaging, LandIS will capture images every six days, providing improved spatial, temporal, and spectral resolution, which is expected to bolster data on water quality, crop production, soil conservation, forest management, mineral mapping, and climate change impacts.

Raytheon has a longstanding history with the Landsat mission, dating back to the 1970s. The first LandIS sensor delivery is anticipated in 2028, with the work being executed in El Segundo, California.

RTX's Blue Canyon Technologies has been chosen by NASA to build two 12U CubeSat buses for the PolSIR mission, which will study high-altitude ice clouds in tropical and sub-tropical regions. The mission aims to improve climate forecasts by observing the daily cycle of ice content in clouds using polarized submillimeter radiometers over two wavelengths. Blue Canyon will also handle mission operations services. This project builds on Blue Canyon's experience with weather monitoring missions like TEMPEST-D and TROPICS.

Raytheon's RTX business has been awarded a $677 million contract to produce AN/SPY-6(V) radars for the U.S. Navy. This is the third exercise of a contract dating back to March 2022, which could be worth up to $3 billion over five years. Seven additional radars will be delivered, bringing the total to 38 under contract. The SPY-6 radars enhance air surveillance, electronic warfare protection, and detection capabilities. The USS Jack H. Lucas (DDG 125) and USS Richard M. McCool Jr. (LPD 29) are the first ships equipped with the new radar systems. SPY-6 is projected to be deployed on 65 Navy ships over the next decade.

RTX's Blue Canyon Technologies has successfully established communication with two CubeSats for the NASA PREFIRE mission, aimed at improving Earth climate modeling. The mission will measure heat emitted from the Arctic and Antarctica, aiding in more accurate climate and ice projections. These projections will help understand storm severity, coastal erosion, and sea level rise. The PREFIRE mission is a collaboration between NASA's Jet Propulsion Laboratory and the University of Wisconsin-Madison, with the latter processing the collected data.

RTX (NYSE: RTX) announced that its Board of Directors has declared a quarterly cash dividend of 63 cents per share of common stock. The dividend is scheduled for payment on September 5, 2024, to shareholders of record as of August 16, 2024. RTX has consistently paid dividends each year since 1936.

RTX's Collins Aerospace has won a prestigious 2024 Crystal Cabin Award for its STARLight™ structural technology, marking its 14th win in the award's 18-year history.

STARLight™ structures, which placed first in the Material and Components category, are ultra-lightweight, strong, and sustainable composite structures designed for aircraft interiors. These structures can be integrated into seats, galleys, lavatories, and more. They are created using advanced composite design tools, automated manufacturing techniques, and renewable materials, resulting in thinner and lighter architectures compared to traditional honeycomb panels.

These innovative structures eliminate the need for pre-preg fabric, adhesives, and bonding during assembly, significantly reducing structural weight, material waste, and energy consumption in manufacturing.

In addition to winning for STARLight™, Collins Aerospace was also a finalist for two other 2024 Crystal Cabin Awards for its ARISE™ intelligent comfort system and ADAPT™ digital flight experience control.

Collins Aerospace, a business under RTX (NYSE: RTX), unveiled its Helix™ main cabin seat at the 2024 Aircraft Interiors Expo in Hamburg, Germany. The Helix seat is designed to enhance passenger comfort, reliability, and sustainability in short and medium-haul flights. The seat features a lightweight construction, ergonomic design, and increased living space without affecting cabin density. It incorporates high strength-to-weight composite materials, reducing aircraft weight, fuel consumption, and carbon emissions. The seat is also optimized for better inflight entertainment, literature pockets, and full-sized meal trays. Collins Aerospace is in discussions with several airlines to integrate Helix seats into their narrowbody fleets.