Raytheon just agreed last week to pay a mind-boggling $950 million in criminal and civil charges to the U.S. government for a cluster of offenses ranging from inflated prices for missiles, to bribes for sales to Qatar. Yet despite the incredible scale of the fines and overcharges, Raytheon is making so much money from its current massive sales for Ukraine that it can probably take more money from the taxpayer with one hand even as it pays relatively less to the taxpayer with the other – and feel no pain.The ...

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles. Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within th ...

New systems were produced at Collins' facility in Nördlingen, GermanyNÖRDLINGEN, Germany, Oct. 28, 2024 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, has completed prototype development of a solid-state power controller and power distribution panel as part of the SWITCH project, supported by the European Union's Clean Aviation Joint Undertaking (Clean Aviation). Following design and production in Nördlingen, the megawatt-class power distribution components will now be shipped to Collins' s ...

Stock Performance and Growth Drivers - Shares of Lockheed Martin (LMT) and RTX (RTX) have risen by 40% and 80% respectively since early 2024, with expectations to set new highs in 2025 [1] - Both companies are thriving due to increased global demand, sustained growth, robust cash flow, and ample capital returns, including dividends and share buybacks [1] - RTX outperformed in Q3 with top and bottom-line growth, while Lockheed Martin showed bottom-line growth, with both raising guidance for revenue and earnings [1] Financial Metrics and Capital Returns - Combined Q3 cash flow for both companies exceeded $4 billion, with a free cash flow (FCF) margin near 11%, most of which is returned to shareholders [2] - Combined capital returns, including dividends and share repurchases, totaled $2.7 billion in Q3, with share counts reduced by mid-single digits and dividend yields near 2% [2] - Lockheed Martin announced a 5% dividend increase and a share repurchase authorization exceeding $10 billion, sufficient to reduce market cap by over 7.5% [3] - RTX is expected to increase its annual dividend distribution in late spring 2025, with mid-single-digit CAGR growth in dividend distributions [3] Analyst Sentiment and Price Targets - Analysts' sentiment supports aerospace and defense stocks, with Lockheed Martin rated as a Moderate Buy and RTX as a Hold [4] - RTX is forecasted to advance significantly, with analysts projecting a 30% upside following Q3 results, while Lockheed Martin's potential gain is narrower [4] - Lockheed Martin's shares pulled back over 5% post-Q3, presenting a buying opportunity, while RTX traded at all-time highs but may face a similar pullback [5] Institutional Ownership and Market Dynamics - Institutions own 75% of Lockheed Martin and 85% of RTX, with selling activity persisting throughout the year, potentially capping gains [5] - A price pullback in Lockheed Martin could entice institutional buying, strengthening market tailwinds [5] Industry and Market Trends - Both companies benefit from record backlogs expected to expand through 2025, supporting sustained growth [2] - RTX's merger synergies continue to drive gains, with adjusted EPS up 16% compared to Lockheed Martin's low single-digit growth [2] - The aerospace and defense sector remains robust, with both companies well-positioned for continued growth and capital returns [1][2][3]

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.RTX Corporation (NYSE: RTX ) filed its third quarter earnings on October 22 nd and the market seems to have liked what the company presented as the stock traded higher following an increase to theDhierin runs the investing group The Aerospace Forum ...

Doubled production floor space and new machinery improves capacity and customization opportunitiesLAS VEGAS, Oct. 23, 2024 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business is expanding its executive aircraft seating facility in Medley, Florida. The $2 million investment doubles the facility's upholstery production floor space to 30,000 square feet and adds state-of-the-art machining equipment that improves production efficiencies, enhances capabilities and reduces material waste.A leader in se ...

TOW Weapon System and Raytheon Contracts - Raytheon awarded $676 million to continue manufacturing the TOW weapon system, including $430 million in FY2023 and $246 million in 2024 [1] - TOW production line can manufacture up to 10,000 missiles annually, supporting US Army, Marines Corps, and global land forces [1] - Modernized fuzing and target detection upgrades demonstrated in successful Fly-To-Buy lot acceptance tests for TOW 2B variant [1] TOW System Capabilities and Usage - Modernized fuzing and target detection provide unparalleled capability, maintaining the fastest target engagement time in the segment [2] - TOW excels in complex urban engagements with varied targets while maintaining superior anti-tank guided missile (ATGM) capability [2] - Over 700,000 TOW weapon systems delivered to US and international armed forces, with 11,000 combat uses since 2003 [2] - Approximately 13,000 TOW missiles provided to Ukraine by the Department of Defense [2] TOW Compatibility and Manufacturing - TOW is compatible with various manned and unmanned vehicles, including High Mobility Multipurpose Wheeled Vehicle, Stryker, and Bradley Fighting Vehicle [3] - Manufacturing work under the contracts will take place in Tucson, Arizona [3] Raytheon and RTX Overview - Raytheon, an RTX business, is a leading provider of defense solutions, with over 100 years of experience in developing technologies for air and missile defense, smart weapons, and advanced sensors [4] - RTX, with 2023 sales of $69 billion, employs over 185,000 globally and operates through Collins Aerospace, Pratt & Whitney, and Raytheon [5]

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .It's time to talk about one of my highest-conviction investments, a company that has become a core holding in every family portfolio I (indirectly) manage.Analyst’s Disclosure: I/we have a beneficial long position in the shares of RTX, GE either through stock ownership, options, ...

Agreement marks significant expansion of Collins' 787 MRO services in EuropeBARCELONA, Spain, Oct. 23, 2024 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, today announced it has signed a 10-year contract with Air Europa to provide comprehensive maintenance, repair and overhaul (MRO) services for the airline's fleet of 787 aircraft. Through its FlightSense® and DispatchSM combined asset and MRO programs, Collins will supply Air Europa with onsite support for a number of 787 systems, includin ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 ____________________________________ FORM 10-Q ____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |--------------------------------------------------------------|--------------------- ...