Raytheon Technologies(RTX)

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RTX's Collins Aerospace delivers first upgraded Venue™ cabin management systems with smart monitors
Prnewswire· 2024-10-21 14:00
A new user interface and 4K smart monitors improve system performance, simplify operations and enhance inflight entertainmentLAS VEGAS, Oct. 21, 2024 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, announced the first deliveries of its new Venue™ cabin management system (CMS). The upgraded Venue is equipped with Collins' all new smart monitors and upgraded graphical user interface (GUI), enhancing entertainment, usability and simplicity for operators and passengers, alike.With more than 1,70 ...
Should You Add RTX Stock to Your Portfolio Pre-Q3 Earnings Release?
ZACKS· 2024-10-17 17:11
RTX Corp. (RTX) is slated to release third-quarter 2024 results on Oct. 22, before the opening bell. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. The Zacks Consensus Estimate for revenues is pegged at $19.91 billion, implying 5.1% growth from the yearago quarter's reported figure. The consensus mark for third-quarter earnings is pegged at $1.33 per share, suggesting a 6.4% rise from $1.25 reported in the prior-year quarter. The bottom-line estimate has remained unchanged in the pa ...
RTX Corporation: I Maintain A Buy Rating Despite Apparent Imbalance In Defense
Seeking Alpha· 2024-10-16 20:50
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 inhouse developed data analytics platform. The financial year for the Department of Defense ended on the 30th of September. That provides a good moment to see how much contract value has been secured by primary defense contractors. The reason why I believe Dhierin runs the investing group T ...
RTX subsidiary Raytheon to pay more than $950 million to settle foreign bribery, export control fraud probes
CNBC· 2024-10-16 19:59
The Raytheon Technologies, recently renamed RTX Corporation, headquarters building is seen at dusk on January 20, 2024, in Arlington, VA. The Raytheon subsidiary of defense contractor RTX agreed Wednesday to pay more than $950 million to settle Department of Justice investigations into an alleged government contract fraud scheme, violations of foreign bribery laws and the Arms Export Control Act. Raytheon also agreed to enter into deferred prosecution agreements involving that conduct in federal district co ...
SEC Charges Virginia-Based RTX Corp. with Violating Foreign Corrupt Practices Act in Connection with Efforts to Obtain Contracts with the Qatari Military
Newsfile· 2024-10-16 19:27
. ● . | --- | --- | |--------------------------------------------------|-------| | | | | SEC Charges Virginia-Based RTX Corp. with | | | Violating Foreign Corrupt Practices Act in | | | Connection with Efforts to Obtain Contracts with | | | the Qatari Military | | October 16, 2024 3:27 PM EDT | Source: Newsfile SEC Press Digest Washington, D.C.--(Newsfile Corp. - October 16, 2024) - The Securities and Exchange Commission today announced that RTX Corporation, a Virginia-based aerospace and defense company, a ...
RTX's Raytheon SM-3® Block IIA achieves full-rate production approval
Prnewswire· 2024-10-15 23:00
This marks the first Missile Defense Agency cooperative development program with Japan to reach this milestone TUCSON, Ariz., Oct. 15, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has entered fullrate production for Standard Missile-3 Block IIA, validating the program's design maturity amid increased demand for the product from the United States and allied partners. The SM-3 Block IIA production milestone cleared the way for a $1.9 billion award from the U.S. Missile Defense Agency in July 20 ...
RTX (RTX) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2024-10-15 15:06
Wall Street expects a year-over-year increase in earnings on higher revenues when RTX (RTX) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 22. On th ...
RTX demonstrates Launched Effects autonomy at EDGE
Prnewswire· 2024-10-15 13:00
Core Insights - RTX showcased new collaborative mission autonomy capabilities at the U.S. Army's EDGE event, merging vehicle autonomy with human command [1][4] - The demonstration included two solutions: Collins' RapidEdgeTM mission system and Raytheon's autonomy capabilities for unmanned aircraft systems [2][4] - The event aimed to enhance the Army's targeting, reconnaissance, and lethality through manned and unmanned teaming [5] RTX Capabilities - Collins Aerospace demonstrated its RapidEdgeTM system, enabling collaboration among uncrewed aerial vehicles [2] - Raytheon showcased capabilities from the Collaborative Operations in Denied Environment program, focusing on the Coyote® family of unmanned aircraft [2][4] - Both solutions utilized modular open system architectures and mesh networks for data sharing [3] Operational Impact - The demonstration illustrated how autonomous systems can extend the Army's operational reach in denied environments [4] - The mission system translated human operator goals into actionable parameters for real-time decision-making, even with severed command links [4] - The event was part of the U.S. Army Futures Command's initiative to drive modernization across its priorities [5] Company Overview - RTX employs over 185,000 people globally and reported sales of $69 billion in 2023 [6] - The company focuses on advancing aviation, integrated defense systems, and next-generation technology solutions [6]
RTX Secures $736M Deal to Build Upgraded AIM-9X Sidewinder Missiles
ZACKS· 2024-10-14 15:20
RTX Corporation's (RTX) business unit, Raytheon, won a $736-million contract to manufacture the improved Block II variant of its AIM-9X Sidewinder missiles. The award has been offered by the U.S. Navy. The work related to this deal will be executed in various locations within the continental United States through 2029. More About RTX's AIM-9X Sidewinder Missiles AIM-9X is a sophisticated short-range air-to-air and surface-to-air missile, which is also capable of tracking infrared light. It offers reliable l ...
RTX's Raytheon demos KuRFS and Coyote performance against complex UAS threats
Prnewswire· 2024-10-14 12:00
U.S. Army tests prove LIDS effectiveness against enemy drones YUMA PROVING GROUND, Ariz., Oct. 14, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business demonstrated the capabilities of the Ku-band Radio Frequency Sensor, known as KuRFS, the Coyote™ Block 2 kinetic effector, and the Block 3 non-kinetic effector during the U.S. Army's annual summer test period. Testing requirements against high-speed, maneuvering targets, the systems tested their essential detect and defeat capabilities as part of the L ...