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 ...

RTX Corporation (NYSE:RTX) Morgan Stanley's 12th Annual Laguna Conference Call September 11, 2024 2:45 PM ET Company Participants Chris Calio - President & Chief Executive Officer Conference Call Participants Kristine Liwag - Morgan Stanley Kristine Liwag Great, everyone, let's get started. Hi, good morning. I'm Kristine Liwag, Morgan Stanley's aerospace and defense analyst. I'm very excited to have our next panelist up on stage, Chris Calio, President and CEO of RTX. Thanks, Chris. So, before we begin, sta ...

RTX Corp.'s (RTX) business segment, Pratt & Whitney, recently clinched a modification contract for the F-35 fighter jet's propulsion system. The award has been offered by the Naval Air Systems Command, Patuxent River, MD. Details of the Deal Valued at $111.9 million, the contract is projected to be completed by December 2026. Per the terms of the deal, RTX will offer continued technical engineering, flight test support, special tooling, test equipment repair, as well as flight test spare and repair parts fo ...

RTX Corporation's (RTX) business division, Pratt and Whitney Military Engines, recently secured a modification contract valued at $405.3 million. The latest modification will enable RTX to procure spares to produce and deliver the F135 propulsion system for the F-35 fighter jet. The contract will serve the U.S. Air Force, Marine Corps, Navy, non-Department of Defense participants, F-35 Cooperative Program Partners and foreign military sales customers. The majority of work related to this award will be carri ...

RTX Corp.'s (RTX) shares have surged an impressive 46.6% in the year-to-date period, outperforming the Zacks Aerospace-Defense industry, the broader Zacks Aerospace sector and the S&P 500. As a prominent missile manufacturer, RTX rides on solid defense order growth, growing commercial air traffic as well as a solid financial position. A similar stellar performance has been offered by other defense players such as Lockheed Martin (LMT) , Leidos Holdings (LDOS) and TransDigm Group (TDG) , whose shares have wi ...

Lockheed Martin Corporation (LMT) and Raytheon, part of RTX Corporation (RTX) , have been awarded a $1.3 billion follow-on contract by the U.S. Army for Javelin missiles. These missiles have played a significant role in Ukraine's defense. This latest agreement, which builds on a larger contract from last year, could total up to $7.2 billion for an indefinite quantity of missiles between 2023 and 2026. The companies have been increasing Javelin production to meet rising demand and aim to achieve an annual ma ...

As insider traders continue using their position and exclusive information to trade stocks to their advantage, the most recent development related to Raytheon Technologies (NYSE: RTX) could benefit multiple politicians on both sides of the United States political arena. Specifically, Raytheon has just landed a $1 billion contract with the U.S. Air Force to provide "Group B hardware, spares, and support equipment," which should significantly impact the defense contractor's stock price and, by extension, bene ...

RTX Corp. (RTX) recently clinched a contract involving its Next Generation Jammer Mid-Band (NGJ-MB) System. The award has been provided by the Naval Supply Systems Command Weapon Systems Support, Philadelphia, PA. Details of the Deal Secured by RTX Valued at $27.7 million, the contract is expected to be completed by August 2026. Per the terms of the deal, RTX will be involved in the repair of several components used in the NGJ-MB System used on the F/A-18 aircraft. A major portion of the work related to thi ...

Radar proves its long-range target detection ability HONOLULU, Aug. 28, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, successfully demonstrated the SeaVue Multi-role Radar's superior long-range target detection at the U.S. Navy's Exercise Rim of the Pacific (RIMPAC) – the world's largest international maritime exercise. Performing a Sink Exercise, or SINKEX, an MQ-9B SeaGuardian® Unmanned Aircraft System from General Atomics Aeronautical Systems, Inc. used SeaVue Multi-role Radar (SVMR) survei ...