RTX Corporation - RTX STOCK NEWS

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.

Collins Aerospace, an RTX (NYSE: RTX) business, is investing $200 million to expand its carbon brake production facility in Spokane, Washington. Over several years, the expansion will increase the site's size by over 50 percent, adding 70,000 square feet, including up to three new buildings and additional furnaces. This move aims to boost production capacity to meet rising demand from commercial and military clients. The site focuses on manufacturing braking systems with DURACARB® carbon disk technology known for its durability and cost-efficiency. This expansion will enhance manufacturing capabilities, support Spokane's economy, and create new high-tech jobs. Washington state supports this initiative, reinforcing Spokane's growing aerospace sector.

Collins Aerospace, an RTX (NYSE: RTX) business, has successfully retrofitted a Prince Aviation Cessna 525 Citation Jet with its IRT NX SATCOM system, marking an industry first for Iridium Certus satellite connectivity. The system, certified by EASA and designed by Q.C.M. Design, enhances cabin connectivity with speeds up to 704 kbps through Iridium's global satellite network. This compact, lightweight system is cost-effective, easy to install, and reduces drag. It includes a data unit, configuration module, and antenna, providing reliable, secure communication for internet browsing, voice calls, texts, emails, and social media. Certification and installation were completed earlier this year, with a first flight in late April. The system is showcased at the 2024 EBACE in Geneva, Switzerland.

Collins Aerospace and Panasonic Avionics have unveiled MAYA, a next-generation business class suite, at the 2024 Aircraft Interiors Expo in Hamburg, Germany. This suite combines advanced ergonomic seating with integrated ARISE™ comfort technology and a 45-inch ultra-high-definition OLED display. MAYA offers extensive personalization, connectivity, and accessibility features, enhancing passenger experience and airline profitability. The suite uses sustainable materials and supports mid-life upgrades, emphasizing modularity and recyclability. The unveiling highlights the collaboration between leading inflight technology and seat manufacturing experts.

RTX's Collins Aerospace has achieved European Aviation Safety Agency (EASA) certification for its Pro Line Fusion® integrated avionics system retrofits on Cessna Citation CJ1+/2+ aircraft. This milestone enables European operators to enhance aircraft performance, safety, and control. The Pro Line Fusion system offers modularity, real-time data integration, and improved visual clarity, simplifying pilot workload and operations. The certification signifies Collins Aerospace's dedication to supporting global CJ operators with cutting-edge flight deck technology. The system is showcased at the 2024 EBACE show in Geneva, Switzerland.