Collaboration will accelerate the delivery of microelectronics packaging for military systems ARLINGTON, Va., Feb. 1, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been awarded a $20 million contract through the Strategic and Spectrum Missions Advanced Resilient Trusted Systems (S2MARTS) consortium to develop a next-generation multi-chip package for use in ground, maritime and airborne sensors. Under the contract, Raytheon will package state-of-the-art commercial devices from industry part ...

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 +6.3%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Aerospace - Defense industry, which RTX falls in, has lost 6.1%. The key question now is: What could be the stock's future direction?While media releases ...

Company validated spacesuit performance in manufactured zero-gravity environmentHOUSTON, Jan. 31, 2024 /PRNewswire/ -- Collins Aerospace, an RTX business (NYSE: RTX), with partners ILC Dover and Oceaneering, completed the Crew Capability Assessment test, a key step in the design process on its next-generation spacesuit for the International Space Station, under NASA's Exploration Extravehicular Activity Services, or xEVAS, contract. Collins Aerospace’s Next-Gen spacesuit prior to Crew Capability Assessme ...

New system would more than double F-35's current cooling capability to support future upgrades and warfighters' urgent operational needsWINDSOR LOCKS, Conn., Jan. 30, 2024 /PRNewswire/ -- RTX (NYSE: RTX) today announced its Collins Aerospace business has demonstrated 80 kilowatts of cooling capacity across a range of operating conditions for its Enhanced Power and Cooling System (EPACS). Targeted as a replacement to the current F-35 power and thermal management system (PTMS), EPACS is positioned to support ...

baranozdemirKey Highlights Commercial Aerospace continues to fly high RTX' (NYSE:RTX) commercial aerospace businesses at Collins and Pratt were once again the key driver of revenue growth and margin expansion, both for Q4 and for FY23. Collins grew Q4 revenues by 12%, with operating margins ending the year at 14.8%. For the entirety of FY23, Collins revenues grew 13.6% with operating profit surging ~28% on the back of a 170bps margin expansion from higher volumes in both OE and aftermarket. Aftermarket ...

U.S. Air Force's transportable, standalone HPM system will play key role in layered defense WHITE SANDS, N.M., Jan. 29, 2024 /PRNewswire/ -- The Air Force Research Laboratory and Raytheon, an RTX (NYSE: RTX) business, have successfully completed a three-week field test of the CHIMERA high-power microwave (HPM) weapon at White Sands Missile Range in New Mexico. During the test, CHIMERA applied directed energy to multiple static target variations and demonstrated end-to-end fire control by acquiring and track ...

2023 was not kind to defense contractor Raytheon.Stung by a manufacturing snafu involving "a rare condition in powder metal used to manufacture certain engine parts," the company announced in August that it would pull anywhere from 200 to 1,200 of its already-installed PW1100G-JM engines from commercial airplane engines for inspection. The decision incurred costs for conducting the inspections, interrupted the company's sales pipeline for new engines, and caused Raytheon stock to lose about 17% in a year wh ...

System upgrades battlefield oversight and target hand-off capabilities to the U.S. Army's Bradley Fighting Vehicle MCKINNEY, Texas, Jan. 24, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, announced a $154 million award to deliver Commander's Independent Viewer (CIV) systems to the U.S. Army to upgrade the service's Bradley Fighting Vehicles.CIV is an electro-optical/infrared sight system utilizing second-generation forward-looking infrared (FLIR) cameras and sensors that provide the U.S. Army's ...

Conference Call Participants Sheila Kahyaoglu - Jefferies Noah Poponak - Goldman Sachs Ronald Epstein - Bank of America On the call today are Greg Hayes, Chairman and Chief Executive Officer; Chris Calio, President and Chief Operating Officer; Neil Mitchill, Chief Financial Officer and Jennifer Reed, Vice President of Investor Relations. Chris Calio - President and Chief Operating Officer Robert Stallard - Vertical Research David Strauss - Barclays Operator This call is being webcast live on the internet, a ...

Shares of defense contracting giant RTX (RTX 5.93%) -- the artist formerly known as Raytheon -- jumped 8.2% through 10:30 a.m. ET after beating analyst forecasts for both sales and earnings Tuesday morning.Heading into its fourth and final quarterly report for 2023, Wall Street had forecast that RTX would earn $1.24 per share (adjusted for one-time items) on sales of $19.7 billion. RTX edged out both numbers, however, reporting an adjusted profit of $1.29 per share and sales of $19.9 billion. RTX sales and ...