Collins' Pro Line 21™ avionics provides advanced functionality, usability CEDAR RAPIDS, Iowa, Feb. 5, 2025 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, has announced upcoming functionality upgrades to Collins' Pro Line 21™ integrated avionics systems installed on in-service Cessna Citation business jets. Cessna Citation business jets are designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company. Available beginning in the second half of 2025, the Pro Line 21 a ...

ARLINGTON, Va., Feb. 5, 2025 /PRNewswire/ -- RTX (NYSE: RTX) President and CEO Chris Calio will speak at the Barclays Industrial Select Conference on Wednesday, Feb. 19 at 8:40 a.m. Eastern Time. The presentation will be broadcast live at www.rtx.com and will be archived on the website afterward. About RTXRTX is the world's largest aerospace and defense company. With more than 185,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. Through ind ...

RTX Corporation’s (RTX) unit, Raytheon, recently secured a $75.1 million modification contract to provide engineering and technical support for Standard Missile-2 (SM-2) and Standard Missile-6 (SM-6) programs. The award has been provided by the Naval Sea Systems Command, Washington, D.C.The work related to this contract will be performed in Tucson, AZ. This contract, which includes Foreign Military Sales to Spain, Netherlands and Germany, is projected to be completed by March 2028.What’s Favoring RTX Stock? ...

Contracts and Sales - Collins Aerospace secured $2 billion in long-term contracts for maintenance, repair, and overhaul services with several airlines in 2024[16]. - Total U.S. government sales reached $32.246 billion in 2024, accounting for 40% of total net sales[30]. - International sales increased to $34.651 billion in 2024, maintaining 43% of total net sales[31]. - The total backlog as of December 31, 2024, was $218 billion, with approximately 25% expected to be recognized as revenue in the next 12 months[33]. - Pratt & Whitney was awarded a contract valued at up to $1.3 billion for continued work on the F135 Engine Core Upgrade[24]. Financial Performance - Total net sales for 2024 reached $80.7 billion, an increase of 17% from $68.9 billion in 2023[421]. - Operating profit for 2024 was $6.5 billion, a significant increase from $3.6 billion in 2023, reflecting improved operational efficiency[421]. - Net income from continuing operations attributable to common shareowners was $4.8 billion, compared to $3.2 billion in 2023, representing a 49% increase[421]. - Earnings per share from continuing operations attributable to common shareowners rose to $3.58, up from $2.24 in the previous year[421]. - The company reported a comprehensive income of $3.7 billion for 2024, an increase from $3.0 billion in 2023, driven by improved operational performance[422]. Research and Development - The company invests significantly in research and development to enhance existing products and develop future technologies, although specific investment figures are not disclosed[45]. - Research and development expenses totaled $2.9 billion, slightly higher than $2.8 billion in 2023, indicating continued investment in innovation[421]. - The GTF Advantage configuration is currently under certification testing, aiming to enhance engine efficiency for the A320neo family[22]. Supply Chain and Operational Challenges - Supply chain disruptions have led to increased costs and delays, driven by inflation and geopolitical conditions, impacting the procurement of raw materials and components[49][50]. - The company has experienced supply chain disruptions due to global market constraints, inflation, and labor shortages, negatively impacting production flow and financial performance[98]. - Increased costs for raw materials and components have been observed, with reliance on foreign suppliers for critical materials such as cobalt and titanium, which are subject to sanctions risks[99]. - The company anticipates prolonged delays for critical component parts and sub-systems, with ongoing supply chain issues expected to continue affecting operations and costs[100]. Compliance and Regulatory Issues - The company has entered into multiple deferred prosecution agreements and settlements related to compliance issues, requiring oversight by an independent compliance monitor[59][60]. - The company is subject to various export control and sanctions regulations, which could impact its ability to conduct international business and may result in penalties for non-compliance[107]. - A Consent Agreement with the Department of State requires the company to implement compliance measures and conduct audits, which may affect future business operations and strategic plans[109]. - The company is committed to complying with anti-bribery and anti-corruption laws, but past violations have led to regulatory investigations and potential penalties[119]. Workforce and Labor - The global employee population as of December 31, 2024, is approximately 186,000, including about 57,000 engineering professionals and 34,000 union-represented employees[39]. - 68% of the workforce is located in the U.S., with approximately 19% of employees participating in global employee resource groups[39][40]. - The company continuously monitors labor market conditions to address hiring and retention challenges, particularly for highly qualified personnel[37][41]. - Recruitment and retention of qualified personnel remain a challenge, with high labor costs and difficulties in obtaining necessary security clearances for certain roles[105]. Environmental and Geopolitical Risks - The company is subject to various environmental regulations, which may incur costs related to compliance and remediation, but does not anticipate a material adverse effect on its financial condition or liquidity[62]. - Future changes in environmental laws, including regulations on greenhouse gas emissions and energy taxes, could lead to increased operational and compliance costs[64]. - The company continues to monitor geopolitical risks that could affect its supply chain and operational stability, particularly in conflict-affected regions[88]. - Recent sanctions from China against the company's defense segment could disrupt business operations and impact future sales to Taiwan[87]. Financial Management and Capital Structure - The company is undergoing a $10 billion accelerated share repurchase (ASR) program that began in October 2023 and is expected to complete by the end of September 2024, which may shift significant cash flow from operations to debt service obligations[122]. - Increased debt levels may reduce available funds for acquisitions, research and development, and dividends, impacting overall financial flexibility[122]. - The company has $2.75 billion of variable-rate debt, which is sensitive to changes in market interest rates[404]. - A 100 basis point unfavorable interest rate movement would impact the fair value of the company's fixed-rate debt by approximately $3 billion[404]. Risks and Uncertainties - The company faces risks from changes in global economic conditions, including inflation and supply chain challenges, which could adversely affect operating results and liquidity[74]. - High interest rates may increase borrowing costs and tighten capital availability, impacting the company's financial condition[74]. - Risks associated with U.S. government sales include potential changes in defense spending due to budgetary constraints and uncertain funding[68]. - The company faces risks from contract terminations, performance delays, and cost overruns, which could negatively impact reputation and financial condition[76]. Intellectual Property and Cybersecurity - The company relies on a combination of patents, trademarks, copyrights, and trade secrets to protect its intellectual property, which is crucial for future growth and success[111]. - The company is exposed to cybersecurity risks, including potential cyber-attacks on its IT infrastructure and products[70]. - Cybersecurity threats pose significant risks to the company's operations, with evolving threats leading to increased operational and compliance expenditures[95].

Noerresundby, Denmark, 3 February 2025Announcement no. 05/2025 According to Article 19 of the Market Abuse Regulation, persons discharging managerial responsibilities and persons closely associated with them must give notice of their transactions with RTX shares to RTX and to the Danish Financial Supervisory Authority. RTX hereby publishes such notifications. The transactions by COO Hans Henrik Petersen are documented in the attached PDF appendix. RTX A/S Attachments Notification of transactions - Hans ...

Gregory J. Hayes to Serve as Special Advisor ARLINGTON, Va., Feb. 3, 2025 /PRNewswire/ -- The RTX Corporation (NYSE: RTX) Board of Directors has elected President and Chief Executive Officer Christopher T. Calio as Chairman of the Board, effective April 30, 2025. This action follows notice to the Board by Gregory J. Hayes, RTX Executive Chairman, of his decision to step down as Executive Chairman and as a member of the Board prior to the company's 2025 annual meeting. Mr. Hayes has served as Executive Chair ...

Nørresundby, Denmark, 31 January 2025Announcement no. 04/2024 Today, 31 January 2025, RTX A/S held its Annual General Meeting at which the following decisions were made: The annual report for the financial year 2023/24 was adopted (item 2).The proposal not to distribute any dividend for the financial year 2023/24 was approved (item 3).The Remuneration Report for 2023/24 was approved in the advisory vote (item 4).The Remuneration Policy was adopted (item 5.1).The remuneration of the Board of Directors for 2 ...

Nørresundby, Denmark, 31 January 2025Announcement no. 03/2025 Q1 DELIVERS IMPROVED REVENUE AND GROSS MARGIN COMPARED TO Q1 LAST YEAR. “We observed a significant increase in both revenue and gross margin in Q1 2024/25 compared to Q1 2023/24. Historically, Q1 is the lowest-performing quarter for RTX, as many customers reduce inventories to manage year-end working capital. In Q1 2024/25, revenue reached DKK 101 million, with a gross margin of 51%, aligning with both our expectations and the previous quarter’ ...

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.RTX (NYSE: RTX , NEOE: RTX:CA ) reported its fourth quarter results earlier in January and those results were good and seemingly pave the way for further growth and potentially higher share prices. I covered RTX in December,Dhierin runs the investi ...

RTX Corporation RTX shares are trading lower on Wednesday.Yesterday, the company reported fourth quarter results. Net sales increased 9% year-over-year to $21.623 billion, beating the consensus of $20.535 billion. Adjusted EPS grew 19% Y/Y to $1.54, above the consensus of $1.38.Here are the analysts’ takes on the stock:BofA Securities reiterated the Buy rating on the stock, with a price forecast of 145.RBC Capital Markets analyst Ken Herbert reiterated the Outperform rating on the stock, raising the price f ...