Core Insights - RTX is positioned to continue its earnings-beat streak, particularly in the aerospace and defense industry, with a historical average surprise of 9.12% over the past two quarters [1][3] Earnings Performance - For the most recent quarter, RTX reported earnings of $1.41 per share, exceeding the expected $1.29 per share, resulting in a surprise of 9.30% [2] - In the previous quarter, RTX's earnings were $1.34 per share against an expectation of $1.23 per share, leading to a surprise of 8.94% [2] Earnings Estimates and Predictions - RTX's earnings estimates have been trending higher, supported by its history of earnings surprises [3] - The stock currently has a positive Earnings ESP of +2.58%, indicating increased analyst optimism regarding its near-term earnings potential [6] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat [6] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better achieve a positive surprise nearly 70% of the time [4] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [5] Upcoming Events - RTX's next earnings report is anticipated to be released on October 22, 2024 [6]

RTX Corp. (RTX) recently secured a modification contract involving its Standard Missile. The award has been provided by the Naval Sea Systems Command, Washington, D.C. Details of the Deal Valued at $254.5 million, the contract is expected to be completed by September 2029. Per the terms of the deal, RTX will provide depot, intermediate level repair and maintenance for Standard Missile. It will also procure provisioned items and ordered spares, and test equipment for the Standard Missile. A major portion of ...

Milestone moves program one step closer to operational testing PORTSMOUTH, R.I., Oct. 7, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, recently conducted a series of controlled environmental tests for the Barracuda Mine Neutralization System at the Naval Surface Warfare Center Carderock Division. Using a production representative test unit, Barracuda operated and collected data in environments of various sea states and water currents, demonstrating the ability to hydrodynamically control itsel ...

RTX Corporation's (RTX) business segment, Raytheon, recently won a $192 million modification contract to upgrade the Next Generation Jammer Mid-Band Expansion (NGJ-MB) system. The contract was provided by the U.S. Navy. Details of the Deal Secured by RTX Per the terms of the deal, RTX will develop the NGJ-MBX system, which is an upgraded version of its existing Next NGJ-MB system. The latest modification will extend the frequency range of the NGJ-MB system to counter additional threats, as MBX provides addi ...

New class of materials offer improved conductivity and thermal management properties ANDOVER, Mass., Oct. 2, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been awarded a three-year, two-phase contract from DARPA to develop foundational ultra-wide bandgap semiconductors, or UWBGS, based on diamond and aluminum nitride technology that revolutionize semiconductor electronics with increased power delivery and thermal management in sensors and other electronic applications. During phase one of ...

Core Insights - Pratt & Whitney has opened a new 845,000-square-foot facility in Oklahoma City, with a $255 million investment aimed at supporting global sustainment for various military engines [1][2][4] - The facility will enhance Pratt & Whitney's capacity to meet the growing demands of U.S. and global defense customers, particularly for the F135, F117, TF33, F100, and F119 engines [1][4] Company Overview - Pratt & Whitney is a leader in the design, manufacture, and service of aircraft engines and auxiliary power units [5] - The company is part of RTX, which employs over 185,000 people globally and reported sales of $69 billion in 2023 [6] Employment and Economic Impact - The Oklahoma City facility currently employs over 500 full-time employees and an additional 500 contract and partner employees, with plans to create 100 more full-time jobs over the next five years [2][3] Technological Advancements - The new facility features advanced technologies and automation designed to improve process efficiency, accuracy, speed, and cost-effectiveness [3] - It incorporates LEED-certified energy-efficient systems and waste reduction processes, reflecting a commitment to sustainability [3] Strategic Positioning - Located next to Tinker Air Force Base, the facility will enhance the global sustainment network and support the partnership between Pratt & Whitney and the U.S. Air Force [4] - The site is strategically positioned to meet current and future sustainment demands for a range of military aircraft engines, including those for the F-35, F-22, and B-52 [4]

RTX Corporation's (RTX) business segment, Pratt & Whitney, recently secured a contract worth up to $1.3 billion to continue working on the F135 Engine Core Upgrade ("ECU"), which will increase the engine's longevity. These upgraded F135 engines, once integrated into the F-35 jets, are expected to boost this fighter aircraft's performance. RTX's F135 Engine Core Upgrade Benefits The ECU is an upgrade developed by Pratt & Whitney for its F135 engines to provide an affordable, low-risk and agile pathway for en ...

Capability upgrade will counter new adversary threats MCKINNEY, Texas, Oct. 1, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been awarded a $192 million contract from the U.S. Navy to develop the Next Generation Jammer Mid-Band Expansion (NGJ-MBX), an upgrade to the current Next Generation Jammer Mid-Band (NGJ-MB) system. This modification will extend the frequency range of the NGJ-MB system to counter additional threats. MBX provides additional capabilities to improve operational effectiv ...

"Geopolitics is getting worse, it's not getting better" - That's JPM's Jamie Dimon . With conflicts and polarization on the rise, defense becomes an important equity portfolio allocation and RTX (NYSE: RTX ) is positioned in industry's future core: air defense and I believe in an integrated approach to understand business. In this way, I foster a unique blend of experience in the CFO and Investment pathways. As such my goal is to perform consistent analysis that reflects an inside view of firm mechanics and ...

ARLINGTON, Va., Oct. 1, 2024 /PRNewswire/ -- RTX (NYSE: RTX) will issue its third quarter 2024 earnings Tuesday, October 22, 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 RTX With more than 185,000 global employees, RTX pushe ...