LUXEMBOURG, Jan. 3, 2024 /PRNewswire/ -- The NATO Support and Procurement Agency (NSPA) has awarded COMLOG, a joint venture between Raytheon, an RTX business (NYSE: RTX), and MBDA, their first contract under the European Sky Shield Initiative, or ESSI. With a total value of up to $5.6 billion, the NSPA contract supports a coalition of nations, including Germany, the Netherlands, Romania and Spain, with a combined quantity of up to 1,000 Patriot® GEM-T missiles, if all options are exercised. The contract inc ...

StormBreaker is an air-launched, precision-strike standoff weapon that enables the service-members to defeat moving and fixed targets.TUCSON, Ariz., Jan. 3, 2024 /PRNewswire/ -- The U.S. Air Force awarded Raytheon, an RTX (NYSE: RTX) business, a $400 million contract to produce and deliver more than 1,500 StormBreaker® smart weapons. StormBreaker is the leading air-to-surface, network enabled weapon that can engage moving targets in all weather conditions using its multi-effects warhead and tri-mode seeker. ...

ARLINGTON, Va., Jan. 2, 2024 /PRNewswire/ -- RTX (NYSE: RTX) will issue its fourth quarter 2023 earnings Tuesday, Jan. 23, prior to the stock market opening. A conference call will take place at 8:30 a.m. ET. The conference call will be webcast live on the company's website at www.rtx.com and will be available for replay following the call. A presentation corresponding with the conference call will be available for downloading prior to the call. About RTXRTX is the world's largest aerospace and defense comp ...

Michael Fitzsimmons Buying above-average stocks at below-average prices is a good recipe for long-term success in the stock market. With the S&P 500 (SPY) hitting its all-time highs in recent days, that may seem hard to accomplish. However, it's important to keep in mind that the Santa Claus rally that has continued leading up to New Year's is rather lopsided, with mega-cap growth names like Meta Platforms (META) being responsible for a lion's share of SPY's market-cap weighted gains. Thankfully, value inve ...

A businessman is showered in $100 U.S. banknotes. shapecharge A flip of the calendar can often be enough to change the market narrative. Decades-high inflation, the start of the rate hike cycle, and fears of a recession sent markets reeling in 2022, with the S&P 500 Index (SP500) falling 19%. CME Fed Watch Tool Now that disinflation is occurring, the markets are pricing in six 25-basis point rate cuts within the next 12 months as the most likely scenario. Unsurprisingly, this improved market sentiment has ...

Fool.com contributor Parkev Tatevosian looks at RTX (RTX 0.45%) from the viewpoint of a dividend stock investor and answers if the stock is a buy. *Stock prices used were the afternoon prices of Dec. 19, 2023. The video was published on Dec. 21, 2023. ...

COLLINS AEROSPACE PRATT & WHITNEY RAYTHEON © 2023 RTX All rights reserved 1 Accelerating Capital Return to Shareowners RTX is an attractive investment opportunity that is accretive to shareholder value 3Q 2023 Highlights % RTX 3Q 2023 Earnings Conference Call October 24, 2023 Forward-Looking Statements This presentation contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. From time to time, oral or ...

Financial Data and Key Metrics Changes - The company recorded a reported sales charge of $5.4 billion, resulting in a $2.9 billion operating profit impact, which aligns with previous expectations [45] - Adjusted sales for the quarter were $19 billion, reflecting a 12% organic growth compared to the prior year, driven by strong demand in commercial OE and aftermarket businesses [46][47] - Adjusted EPS was $1.25, up 3% year-over-year, with strong free cash flow of $2.8 billion in the quarter [31][49] Business Line Data and Key Metrics Changes - Collins adjusted sales were $6.7 billion, up 17% on both an adjusted and organic basis, primarily due to strength in commercial OE and aftermarket growth [50] - Pratt & Whitney's adjusted sales were $6.3 billion, up 18% and 17% on an organic basis, with commercial aftermarket sales increasing by 21% [73] - Raytheon's sales were $6.5 billion, up 3% on an adjusted and organic basis, driven by higher volume in Naval Power programs [76] Market Data and Key Metrics Changes - The company captured $22 billion in new bookings during the quarter, resulting in a book-to-bill ratio of 1.19, bringing the backlog to a record $190 billion [39] - Commercial air traffic demand remains strong, with commercial OE growth of 26% and commercial aftermarket growth of 25% [39] - Defense sales increased by 2% year-over-year, supported by ongoing global defense spending [46] Company Strategy and Development Direction - The company announced a $10 billion accelerated share repurchase program, indicating confidence in the intrinsic value of RTX compared to its current stock price [18][21] - The company is focused on maintaining trust with customers and partners while improving operational performance, particularly in response to the powdered metal manufacturing quality issue [15][16] - The company is actively managing its portfolio, including the sale of Raytheon's cyber services business for approximately $1.3 billion [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the future of RTX, citing robust demand for products and resilient end markets across commercial aerospace and defense [16] - The company anticipates continued growth in organic sales, segment operating profit, and free cash flow for 2024, despite potential normalization in commercial air travel demand [64][65] - Management acknowledged inflationary pressures but indicated ongoing efforts to mitigate these challenges [66] Other Important Information - The company expects free cash flow for the year to improve by approximately $500 million, raising the outlook to about $4.8 billion [43] - The company is tightening its EPS range to between $4.98 and $5.02 for the year [42] - The company has a record backlog of $190 billion, indicating strong future revenue potential [67] Q&A Session Summary Question: What are the biggest risks the company is looking at? - Management identified MRO output as a key lever, emphasizing the need to accelerate MRO output and improve capacity and material flow [90] Question: Can you elaborate on the inspections for the A220, E2, and V2500 engines? - Management confirmed that inspections are ongoing and that the impact is manageable, with a focus on maintaining operational efficiency [95][120] Question: Why announce the $10 billion ASR now? - The decision was based on confidence in resolving the powdered metal issue and the belief that the current stock price represents a significant discount to intrinsic value [99][124] Question: What lessons have been learned from the powdered metal issue? - Management highlighted the establishment of a product safety review committee to improve engineering processes and prevent future issues [127] Question: How does the company view the margin profile of new contracts related to Ukraine? - Management indicated that while there are significant orders, the revenue impact will be gradual, with expectations for delivery over the next 24 to 36 months [135]

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, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-00812 ____________________________________ RTX CORPORATION (Exact name of registr ...

RTX Corporation (NYSE:RTX) Q2 2023 Earnings Conference Call July 25, 2023 8:00 AM ET Company Participants Gregory Hayes - Chairman, Chief Executive Officer Christopher Calio - President, Chief Operating Officer Neil Mitchill - Chief Financial Officer Conference Call Participants Robert Stallard - Vertical Research Myles Walton - Wolfe Research Ronald Epstein - Bank of America Peter Arment - Baird Sheila Kahyaoglu - Jefferies Kristine Liwag - Morgan Stanley Seth Seifman - JP Morgan Ken Herbert - RBC Capital ...