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RTX (RTX) Stock Sinks As Market Gains: Here's Why
Zacks Investment Research· 2024-04-03 23:06
In the latest market close, RTX (RTX) reached $97.55, with a -1.01% movement compared to the previous day. This change lagged the S&P 500's daily gain of 0.11%. At the same time, the Dow lost 0.11%, and the tech-heavy Nasdaq gained 0.23%.The an aerospace and defense company's shares have seen an increase of 9.43% over the last month, surpassing the Aerospace sector's gain of 2.55% and the S&P 500's gain of 1.5%.Analysts and investors alike will be keeping a close eye on the performance of RTX in its upcomin ...
Why RTX (RTX) is Poised to Beat Earnings Estimates Again
Zacks Investment Research· 2024-04-02 17:16
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider RTX (RTX) . This company, which is in the Zacks Aerospace - Defense industry, shows potential for another earnings beat.This an aerospace and defense company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quar ...
RTX Stock Has 23% Upside, According to 1 Wall Street Analyst
The Motley Fool· 2024-04-02 14:46
A Wells Fargo analyst recently added RTX (RTX 0.35%) to a list of "tactical ideas" for the second quarter. The analyst maintained the company's price target of $120 and an overweight rating on the stock. That would imply a 22% upside on the stock over the next 12 months or so.GTF issueThe renewed enthusiasm for the stock is related to RTX's ongoing problem with its Pratt & Whitney geared turbofan (GTF) engines. As a reminder, Pratt & Whitney found a potential contamination issue in the powder coating used o ...
Here is What to Know Beyond Why RTX Corporation (RTX) is a Trending Stock
Zacks Investment Research· 2024-04-02 14:06
RTX (RTX) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this an aerospace and defense company have returned +8.7%, compared to the Zacks S&P 500 composite's +2.2% change. During this period, the Zacks Aerospace - Defense industry, which RTX falls in, has gained 3.6%. The key question now is: What could be the stock's future direction?Although media repo ...
RTX to release first quarter results on April 23, 2024
Prnewswire· 2024-04-02 12:00
ARLINGTON, Va., April 2, 2024 /PRNewswire/ -- RTX (NYSE: RTX) will issue its first quarter 2024 earnings Tuesday, April 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 RTXWith more than 185,000 global employees, RTX pushes ...
RTX's SM-6 intercepts ballistic missile target at sea
Prnewswire· 2024-03-29 19:06
Test of enhanced software succeeds against sophisticated medium-range ballistic missilePACIFIC MISSILE RANGE FACILITY, Hawaii, March 29, 2024 /PRNewswire/ -- A Standard Missile-6 (SM-6) built by Raytheon, an RTX (NYSE: RTX) business, intercepted a medium-range ballistic missile target at sea in its final seconds of flight, after being fired from the USS Preble (DDG 88). This test verified some of the missile's enhanced capabilities when launched from a Baseline 9.C2 variant of the Aegis Combat System. SM ...
RTX's Pratt & Whitney receives full funding for F135 Engine Core Upgrade in FY 2024 Defense Appropriations bill
Prnewswire· 2024-03-23 20:39
Program remains on track to enable Block 4 capabilities in 2029 EAST HARTFORD, Conn., March 23, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, has received full funding in the recently passed fiscal year 2024 Defense Appropriations bill for its F135 Engine Core Upgrade, which will modernize the F-35's propulsion system to increase durability and fully-enable Block 4 capabilities and beyond starting in 2029.  "This bill will allow Pratt & Whitney to deliver the current and future propulsi ...
Is Trending Stock RTX Corporation (RTX) a Buy Now?
Zacks Investment Research· 2024-03-22 14:06
RTX (RTX) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this an aerospace and defense company have returned +5.3% over the past month versus the Zacks S&P 500 composite's +5.3% change. The Zacks Aerospace - Defense industry, to which RTX Corporation belongs, has gained 1.4% over this period. Now the key question is: Where could the stock be headed in the near term?Al ...
RTX's Raytheon Lower Tier Air and Missile Defense Sensor detects and engages complex target
Prnewswire· 2024-03-21 15:00
Live fire attended by military leaders from seven countriesWHITE SANDS MISSILE RANGE, N.M., March 21, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, today announced that its Lower Tier Air and Missile Defense Sensor, or LTAMDS, continues to advance through its U.S. Army test program with another successful live-fire event. Military leaders from seven nations were on-site to witness the radar's capabilities and performance first-hand. Raytheon’s LTAMDS completed its latest round of live fire ...
RTX's Raytheon awarded $1.2 billion contract to provide Patriot air and missile defense systems to Germany
Prnewswire· 2024-03-21 14:00
Additional Patriots will enhance Germany's air defense and interoperability TUCSON, Ariz. , March 21, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $1.2 billion contract to supply Germany with Patriot® air and missile defense systems. These systems will augment Germany's existing air defense infrastructure with additional Patriot equipment.The scope of the contract includes the most current Patriot Configuration 3+ radars, launchers, command and control stations, associated spare ...