Raise your hand if you remember the Stinger missile. Keep your hands raised if the reason you remember the Stinger is from reading newspapers during the Reagan Administration and think of them as the missiles the mujahideen used to shoot down Soviet helicopters in Afghanistan. Yep. That's what I thought. But here's something that may surprise you: 35 years after the Soviets pulled out of Afghanistan, the Stinger is making a comeback. And Raytheon is about to start making money selling Stinger missiles again ...

RTX (RTX) closed at $86.33 in the latest trading session, marking a +1.18% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.08%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq appreciated by 0.02%.Heading into today, shares of the an aerospace and defense company had gained 4.23% over the past month, outpacing the Aerospace sector's loss of 1.88% and the S&P 500's gain of 3.52% in that time.Analysts and investors alike will be keeping a close ...

RTX Corporation’s (RTX) business unit, Raytheon, recently showcased the operational performance and readiness of the GhostEye MR radar for the National Advanced Surface to Air Missile System (“NASAMS”).The operation was conducted at White Sands Missile Range in partnership with the United States Air Force Research Laboratory's Strategic Development Planning and Experimentation Office and Kongsberg Defence & Aerospace.Significance of the Air & Missile Defense SystemNASAMS is a highly adaptable, combat-proven ...

Sensor demonstrates critical air base air defense capabilityARLINGTON, Va., Jan. 10, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, in partnership with the U.S. Air Force Research Laboratory's Strategic Development Planning and Experimentation (SDPE) office and Kongsberg Defence & Aerospace, demonstrated the operational performance and readiness of the GhostEye® MR advanced medium-range sensor for the National Advanced Surface to Air Missile System (NASAMS) during an extended exercise at White ...

New York, United States, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Military robots are autonomous, mobile robots with remote controls for military operations, including transport, search and rescue, and attack. Most of the time, the dangerous and challenging duties that military robots perform are tiresome. They aid in reducing human exhaustion from relatively easy activities and assist fighters in sense-make more effectively, moving more rapidly, and surviving longer. Military robots have been regularly employed a ...

High-speed, long-range missile will provide greater anti-surface warfare capability TUCSON, Ariz., Jan. 9, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has successfully completed a technical review and a seamless prototype fit-check in phase one of the U.S. Navy's Hypersonic Air Launched Offensive Anti-Surface (HALO) program. HALO is a carrier-based high-speed missile that will allow the Navy to operate in and control contested battlespaces in anti-access/area denial environments and will sup ...

Aerospace giant RTX (RTX 0.54%) came into 2023 with a new name and considerable promise, but the company ran into some unexpected headwinds in the form of a massive engine recall.The details leaked out slowly, and over time it became clear that the fix would be costly. Investors decided not to wait for a turnaround, sending the stock down as much as 35% for the year at its low.The stock recovered somewhat in the final months of 2023, but it was still a year to forget for RTX investors. Shares of RTX ended d ...

RTX Corp. (RTX) recently clinched a modification contract for Seasparrow missile. The award has been provided by the Naval Sea Systems Command, Washington, D.C.Details of the DealValued at $34.4 million, the contract is expected to be completed by December 2025. The latest modification will enable RTX to provide engineering and technical services for supporting SeaSparrow missile systems programs.Majority of the work related to this deal will be executed in Tucson, AZ. This contract will serve the U.S. gove ...

ARLINGTON, Va., Jan. 4, 2024 /PRNewswire/ -- RTX (NYSE: RTX) today announced Phil Jasper has been appointed president of Raytheon and will report to President and Chief Operating Officer Christopher T. Calio. Jasper, a 31-year aerospace and defense veteran, succeeds Wesley D. Kremer who will retire from the company at the end of Q1 2024. "Phil is a proven leader with significant depth of experience delivering defense solutions to the military customer," said Calio. "His recent integration of RTX's connected ...

The most recent trading session ended with RTX (RTX) standing at $85.61, reflecting a +0.46% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.8%. At the same time, the Dow lost 0.76%, and the tech-heavy Nasdaq lost 1.18%.Coming into today, shares of the an aerospace and defense company had gained 3.06% in the past month. In that same time, the Aerospace sector gained 3.42%, while the S&P 500 gained 3.4%.The upcoming earnings release of RTX will be of great int ...