RTX Corporation's (RTX) business unit, Raytheon Missiles Defense, recently won a $46.8 million contract to provide engineering and technical services for supporting the Stinger Weapon System. The award has been offered by the Army Contracting Command, Redstone Arsenal, AL. More About RTX's Stinger Missile The Stinger missile is a lightweight, self-contained air defense system that can be quickly deployed by ground forces. The weapon is currently deployed in 19 countries, which reflects the solid demand it e ...

The aerospace and defense stock is on an excellent run, but how long will it last? After a difficult 2023, RTX (RTX 1.79%) stock is up a whopping 41% this year, resulting in a 17.7% return since the start of 2023. But despite the impressive year-to-date return, the bigger question is whether this bull run has come to an end. Or, does the stock have legs for a longer run? Here's the lowdown. Why RTX stock is up strongly in 2024 There are two reasons why the stock has performed well this year: Management has ...

GTF maintenance agreement supports airline's growth plans EAST HARTFORD, Conn., Sept. 23, 2024 /PRNewswire/ -- Latvian national airline airBaltic and Pratt & Whitney have announced a long-term EngineWise™ Comprehensive maintenance services agreement for the airline's GTF engine fleet. This agreement links airBaltic's maintenance costs to the utilization of the airline's engines. Pratt & Whitney is an RTX (NYSE: RTX) business. "Pratt & Whitney has been a long-term, trusted collaborator of airBaltic since we ...

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Collins' Display with Mosarc increases cockpit processing power by 75% and decreases certification risk CEDAR RAPIDS, Iowa, Sept. 18, 2024 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, received the first-ever FAA Technical Standard Order (TSO) approval for a fully enabled multi-core processor. The Collins Multifunction Display, powered by Mosarc™, will increase the speed, capacity and flexibility of an aircraft's flight deck, providing 75% more capability than traditional single core proce ...

Manufacturing advancements expected to reduce production costs ANDOVER, Mass., Sept. 17, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been awarded an Office of Naval Research (ONR) Navy ManTech project from Penn State University Applied Research Laboratory's Electronics Manufacturing Center of Excellence to streamline the production of SPY-6 Transmit/Receive (TR) modules. Manufacturing advancements like automation, new material sources and process yield improvements will result in cost-sa ...

In the latest trading session, RTX (RTX) closed at $119.20, marking a +0.07% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.13%. On the other hand, the Dow registered a gain of 0.55%, and the technology-centric Nasdaq decreased by 0.52%. Shares of the an aerospace and defense company have appreciated by 0.99% over the course of the past month, underperforming the Aerospace sector's gain of 3.14% and the S&P 500's gain of 3.67%. The upcoming earnings release of ...

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RTX Corp. (RTX) recently clinched a contract for manufacturing the 38th lot of its Advanced Medium Range Air-to-Air Missile ("AMRAAM"). The award has been provided by the Air Force Life Cycle Management Center, Air Dominance Division Contracting Office, Eglin Air Force Base, FL. Details of the Deal Valued at $1.20 billion, the contract is projected to be completed by Dec. 31, 2028. Per the terms of the deal, in addition to AMRAAM production, RTX will also provide AMRAAM telemetry system, initial and field s ...

Test validates design maturity and performance ROCKET CENTER, W.Va., Sept. 12, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, and Northrop Grumman (NYSE: NOC) have successfully completed a static fire test of an advanced long-range solid rocket motor at the Northrop Grumman Allegany Ballistics Laboratory in West Virginia. The test demonstrated wired end-burning technology for hypersonic applications and provided data to support digital modeling and simulations that validated the design maturity ...