RTX Corporation's (RTX) unit, Raytheon, recently received a three-year contract from the Defense Advanced Research Projects Agency to create ultra-wide bandgap semiconductors (UWBGS) using new diamond and aluminum nitride materials. These new semiconductors are expected to improve power delivery and heat management in various electronic devices, including sensors. Details of the Contract The contract will be completed in two phases. In the first phase, the Raytheon Advanced Technology team will develop thin ...

Missile is proven across air-to-air and ground-launch domains TUCSON, Ariz., Oct. 10, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $736 million contract from the U.S. Navy to produce AIM-9X® SIDEWINDER® missiles. This contract is for the improved Block II variant, which addresses hardware obsolescence through upgrades to ensure superior performance and long-term reliability. "AIM-9X remains the weapon of choice for short-range air-to-air and surface-to-air missile defense, and w ...

This advanced materials stock's best days lie ahead of it, and now is a good time to buy it on weakness. RTX (RTX 0.36%) is a fine and worthy stock that offers investors a balanced exposure to commercial aerospace and defense industries. That said, the stock has had a great run (up 47.5%) as the company has derisked itself after the discovery of manufacturing problems with the geared turbofan (GTF) engines that its Pratt & Whitney unit makes for the Airbus A320neo. It has been making good progress on removi ...

One Wall Street analyst's price target implies the stock is fairly valued. A Bernstein analyst recently raised the company's price target on RTX (RTX 0.36%) stock to $120 from $115 and maintained a "market perform" rating. The analyst notes that the aerospace and defense stock has had a strong run recently in line with the defense sector. Moreover, on the commercial aerospace side, management's affirmation that the geared turbofan (GTF) removals and inspections for possible defects are on track helps to de- ...

RTX Corp. (RTX) , a renowned defense contractor, has lately been in the headlines under the defense section for securing multiple million-dollar contracts over the past week and providing some favorable updates. Evidently, the company won a contract worth up to $1.3 billion to continue working on the F135 Engine Core Upgrade, a $525.5 million contract for producing and delivering guided missile assemblies of Evolved Seasparrow Missile, a $255 million contract to provide depot, intermediate level repair and ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering RTX (RTX) , which belongs to the Zacks Aerospace - Defense industry. This an aerospace and defense company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 9.12%. For the most recent quarter, RTX was expected to post earnings of $1. ...

RTX Corp. (RTX) recently secured a modification contract involving its Standard Missile. The award has been provided by the Naval Sea Systems Command, Washington, D.C. Details of the Deal Valued at $254.5 million, the contract is expected to be completed by September 2029. Per the terms of the deal, RTX will provide depot, intermediate level repair and maintenance for Standard Missile. It will also procure provisioned items and ordered spares, and test equipment for the Standard Missile. A major portion of ...

Milestone moves program one step closer to operational testing PORTSMOUTH, R.I., Oct. 7, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, recently conducted a series of controlled environmental tests for the Barracuda Mine Neutralization System at the Naval Surface Warfare Center Carderock Division. Using a production representative test unit, Barracuda operated and collected data in environments of various sea states and water currents, demonstrating the ability to hydrodynamically control itsel ...

RTX Corporation's (RTX) unit, Pratt and Whitney, announced the opening of its largest military engine facility worth $255 million. The 845,000-square-foot facility, located in Oklahoma City, will support global sustainment efforts for key military engines like F135, F117, TF33, F100 and F119. The site will play a crucial role in supporting various military aircraft, including F-35, F-22, B-52, C-17, E-3, F15 and F-16. The facility's automation and advanced technologies will improve accuracy, speed and coste ...

RTX Corporation's (RTX) business segment, Raytheon, recently won a $192 million modification contract to upgrade the Next Generation Jammer Mid-Band Expansion (NGJ-MB) system. The contract was provided by the U.S. Navy. Details of the Deal Secured by RTX Per the terms of the deal, RTX will develop the NGJ-MBX system, which is an upgraded version of its existing Next NGJ-MB system. The latest modification will extend the frequency range of the NGJ-MB system to counter additional threats, as MBX provides addi ...