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 inhouse developed data analytics platform. The financial year for the Department of Defense ended on the 30th of September. That provides a good moment to see how much contract value has been secured by primary defense contractors. The reason why I believe Dhierin runs the investing group T ...

The Raytheon Technologies, recently renamed RTX Corporation, headquarters building is seen at dusk on January 20, 2024, in Arlington, VA. The Raytheon subsidiary of defense contractor RTX agreed Wednesday to pay more than $950 million to settle Department of Justice investigations into an alleged government contract fraud scheme, violations of foreign bribery laws and the Arms Export Control Act. Raytheon also agreed to enter into deferred prosecution agreements involving that conduct in federal district co ...

This marks the first Missile Defense Agency cooperative development program with Japan to reach this milestone TUCSON, Ariz., Oct. 15, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has entered fullrate production for Standard Missile-3 Block IIA, validating the program's design maturity amid increased demand for the product from the United States and allied partners. The SM-3 Block IIA production milestone cleared the way for a $1.9 billion award from the U.S. Missile Defense Agency in July 20 ...

Wall Street expects a year-over-year increase in earnings on higher revenues when RTX (RTX) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 22. On th ...

Core Insights - RTX showcased new collaborative mission autonomy capabilities at the U.S. Army's EDGE event, merging vehicle autonomy with human command [1][4] - The demonstration included two solutions: Collins' RapidEdgeTM mission system and Raytheon's autonomy capabilities for unmanned aircraft systems [2][4] - The event aimed to enhance the Army's targeting, reconnaissance, and lethality through manned and unmanned teaming [5] RTX Capabilities - Collins Aerospace demonstrated its RapidEdgeTM system, enabling collaboration among uncrewed aerial vehicles [2] - Raytheon showcased capabilities from the Collaborative Operations in Denied Environment program, focusing on the Coyote® family of unmanned aircraft [2][4] - Both solutions utilized modular open system architectures and mesh networks for data sharing [3] Operational Impact - The demonstration illustrated how autonomous systems can extend the Army's operational reach in denied environments [4] - The mission system translated human operator goals into actionable parameters for real-time decision-making, even with severed command links [4] - The event was part of the U.S. Army Futures Command's initiative to drive modernization across its priorities [5] Company Overview - RTX employs over 185,000 people globally and reported sales of $69 billion in 2023 [6] - The company focuses on advancing aviation, integrated defense systems, and next-generation technology solutions [6]

RTX Corporation's (RTX) business unit, Raytheon, won a $736-million contract to manufacture the improved Block II variant of its AIM-9X Sidewinder missiles. The award has been offered by the U.S. Navy. The work related to this deal will be executed in various locations within the continental United States through 2029. More About RTX's AIM-9X Sidewinder Missiles AIM-9X is a sophisticated short-range air-to-air and surface-to-air missile, which is also capable of tracking infrared light. It offers reliable l ...

U.S. Army tests prove LIDS effectiveness against enemy drones YUMA PROVING GROUND, Ariz., Oct. 14, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business demonstrated the capabilities of the Ku-band Radio Frequency Sensor, known as KuRFS, the Coyote™ Block 2 kinetic effector, and the Block 3 non-kinetic effector during the U.S. Army's annual summer test period. Testing requirements against high-speed, maneuvering targets, the systems tested their essential detect and defeat capabilities as part of the L ...

Missile is proven across air-to-air and ground-launch domains TUCSON, Ariz., Oct. 10, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $736 million contract from the U.S. Navy to produce AIM-9X® SIDEWINDER® missiles. This contract is for the improved Block II variant, which addresses hardware obsolescence through upgrades to ensure superior performance and long-term reliability. "AIM-9X remains the weapon of choice for short-range air-to-air and surface-to-air missile defense, and w ...

One Wall Street analyst's price target implies the stock is fairly valued. A Bernstein analyst recently raised the company's price target on RTX (RTX 0.36%) stock to $120 from $115 and maintained a "market perform" rating. The analyst notes that the aerospace and defense stock has had a strong run recently in line with the defense sector. Moreover, on the commercial aerospace side, management's affirmation that the geared turbofan (GTF) removals and inspections for possible defects are on track helps to de- ...

RTX Corp. (RTX) , a renowned defense contractor, has lately been in the headlines under the defense section for securing multiple million-dollar contracts over the past week and providing some favorable updates. Evidently, the company won a contract worth up to $1.3 billion to continue working on the F135 Engine Core Upgrade, a $525.5 million contract for producing and delivering guided missile assemblies of Evolved Seasparrow Missile, a $255 million contract to provide depot, intermediate level repair and ...