High-speed, long-range missile will provide greater anti-surface warfare capability TUCSON, Ariz., Jan. 9, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has successfully completed a technical review and a seamless prototype fit-check in phase one of the U.S. Navy's Hypersonic Air Launched Offensive Anti-Surface (HALO) program. HALO is a carrier-based high-speed missile that will allow the Navy to operate in and control contested battlespaces in anti-access/area denial environments and will sup ...

Aerospace giant RTX (RTX 0.54%) came into 2023 with a new name and considerable promise, but the company ran into some unexpected headwinds in the form of a massive engine recall.The details leaked out slowly, and over time it became clear that the fix would be costly. Investors decided not to wait for a turnaround, sending the stock down as much as 35% for the year at its low.The stock recovered somewhat in the final months of 2023, but it was still a year to forget for RTX investors. Shares of RTX ended d ...

RTX Corp. (RTX) recently clinched a modification contract for Seasparrow missile. The award has been provided by the Naval Sea Systems Command, Washington, D.C.Details of the DealValued at $34.4 million, the contract is expected to be completed by December 2025. The latest modification will enable RTX to provide engineering and technical services for supporting SeaSparrow missile systems programs.Majority of the work related to this deal will be executed in Tucson, AZ. This contract will serve the U.S. gove ...

ARLINGTON, Va., Jan. 4, 2024 /PRNewswire/ -- RTX (NYSE: RTX) today announced Phil Jasper has been appointed president of Raytheon and will report to President and Chief Operating Officer Christopher T. Calio. Jasper, a 31-year aerospace and defense veteran, succeeds Wesley D. Kremer who will retire from the company at the end of Q1 2024. "Phil is a proven leader with significant depth of experience delivering defense solutions to the military customer," said Calio. "His recent integration of RTX's connected ...

The most recent trading session ended with RTX (RTX) standing at $85.61, reflecting a +0.46% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.8%. At the same time, the Dow lost 0.76%, and the tech-heavy Nasdaq lost 1.18%.Coming into today, shares of the an aerospace and defense company had gained 3.06% in the past month. In that same time, the Aerospace sector gained 3.42%, while the S&P 500 gained 3.4%.The upcoming earnings release of RTX will be of great int ...

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 ...