RTX Corp. (RTX) recently clinched a contract for manufacturing the 38th lot of its Advanced Medium Range Air-to-Air Missile ("AMRAAM"). The award has been provided by the Air Force Life Cycle Management Center, Air Dominance Division Contracting Office, Eglin Air Force Base, FL. Details of the Deal Valued at $1.20 billion, the contract is projected to be completed by Dec. 31, 2028. Per the terms of the deal, in addition to AMRAAM production, RTX will also provide AMRAAM telemetry system, initial and field s ...

Test validates design maturity and performance ROCKET CENTER, W.Va., Sept. 12, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, and Northrop Grumman (NYSE: NOC) have successfully completed a static fire test of an advanced long-range solid rocket motor at the Northrop Grumman Allegany Ballistics Laboratory in West Virginia. The test demonstrated wired end-burning technology for hypersonic applications and provided data to support digital modeling and simulations that validated the design maturity ...

Company and Industry Overview * **Company**: RTX Corporation (NYSE:RTX) * **Industry**: Aerospace and Defense * **Event**: Morgan Stanley's 12th Annual Laguna Conference Call * **Date**: September 11, 2024 Key Points RTX Performance and Outlook * **First Half Performance**: RTX is pleased with its performance in the first half of the year, with strong results across all three business units. The company is still tracking to its full-year guidance. * **Demand**: RTX is experiencing strong demand in both the commercial aerospace and defense sectors. The company has a $206 billion backlog, which is healthy on both sides. * **Focus**: RTX's focus is on executing on this demand, delivering products at the right cost, quality, and on time. Strategic Priorities * **Executing on Commitments**: RTX is focused on improving quality, delivery, and efficiency through its core operating system and supply chain management. * **Innovating for Future Growth**: The company is investing $7.5 billion in research and development (R&D) to drive innovation and future growth. This includes initiatives in next-generation propulsion, connected factories, and technology synergies. * **Leveraging Scale and Breadth**: RTX is leveraging its scale and breadth to realize synergies and drive better cost and performance across its business units. Next-Generation Propulsion * **Hybrid Electric Demonstrator**: RTX is investing in a hybrid electric demonstrator collaboration between Collins and Pratt & Whitney, targeting the smaller aircraft segment. * **GTF Advantage**: The GTF Advantage program is progressing well, with a focus on durability and performance. * **F-135 Engine Core Upgrade**: The F-135 engine core upgrade program is on track, ensuring the F-35 remains relevant for future combat. Aerospace and Defense End Markets * **Commercial Aerospace**: RTX expects continued demand for new aircraft, with a projected 3% to 5% annual passenger kilometers (RPK) growth. The commercial aftermarket remains strong, driven by a large installed base of out-of-warranty aircraft. * **Defense**: The defense sector is experiencing strong demand, driven by global security concerns and increased spending by the US and its allies. Raytheon is well-positioned to meet this demand with its product portfolio and pipeline of future franchises. Collins Aerospace * **Leadership Change**: There has been a change in leadership at Collins Aerospace, but there is no change in strategy. Collins is off to a strong start in 2024, with 9% organic sales growth and margin expansion. * **Cost Reduction**: Collins has ongoing cost reduction initiatives, including the removal of ERP systems and the establishment of centers of excellence. Pratt & Whitney * **GTF Fleet Management Plan**: The GTF fleet management plan is progressing well, with a focus on improving material flow and turnaround times. * **V2500**: The V2500 engine continues to be a strong contributor to Pratt's earnings, with a large installed base and strong aftermarket demand. * **Military Engines**: Pratt's military engine business is strong, with significant positions on priority platforms such as the F-35 and B-21. Raytheon Defense * **Backlog Conversion**: Raytheon has a strong backlog of $51 billion, but there are challenges in converting this backlog into revenue. These challenges include material flow, capacity, and development programs. * **Margin Expansion**: Raytheon is focused on improving productivity and efficiency to drive margin expansion. Capital Return * **Capital Allocation**: RTX remains committed to its capital return strategy, which includes deleveraging, growing the dividend, and returning capital to shareholders through share repurchases. Portfolio and Integration * **Portfolio**: RTX's portfolio is compelling, with strong positions in Collins, Pratt, and Raytheon. The company is focused on driving synergies and improving performance across the portfolio. * **Integration**: The integration of Raytheon into RTX is complete, and the company is now focused on execution and driving value from the combined portfolio. Innovation and Technology * **Technology Roadmap**: RTX has a robust technology roadmap, focusing on areas such as sustainability, advanced propulsion, connected battlespace, and enabling technologies. * **Sustainability**: RTX is investing in sustainability initiatives across its business units, including Collins and Pratt. Conclusion RTX is well-positioned to continue its strong performance in the aerospace and defense sectors. The company's strategic priorities, focus on innovation, and compelling portfolio position it for future growth and success.

RTX Corp.'s (RTX) business segment, Pratt & Whitney, recently clinched a modification contract for the F-35 fighter jet's propulsion system. The award has been offered by the Naval Air Systems Command, Patuxent River, MD. Details of the Deal Valued at $111.9 million, the contract is projected to be completed by December 2026. Per the terms of the deal, RTX will offer continued technical engineering, flight test support, special tooling, test equipment repair, as well as flight test spare and repair parts fo ...

RTX Corporation's (RTX) business division, Pratt and Whitney Military Engines, recently secured a modification contract valued at $405.3 million. The latest modification will enable RTX to procure spares to produce and deliver the F135 propulsion system for the F-35 fighter jet. The contract will serve the U.S. Air Force, Marine Corps, Navy, non-Department of Defense participants, F-35 Cooperative Program Partners and foreign military sales customers. The majority of work related to this award will be carri ...

RTX Corp.'s (RTX) shares have surged an impressive 46.6% in the year-to-date period, outperforming the Zacks Aerospace-Defense industry, the broader Zacks Aerospace sector and the S&P 500. As a prominent missile manufacturer, RTX rides on solid defense order growth, growing commercial air traffic as well as a solid financial position. A similar stellar performance has been offered by other defense players such as Lockheed Martin (LMT) , Leidos Holdings (LDOS) and TransDigm Group (TDG) , whose shares have wi ...

As insider traders continue using their position and exclusive information to trade stocks to their advantage, the most recent development related to Raytheon Technologies (NYSE: RTX) could benefit multiple politicians on both sides of the United States political arena. Specifically, Raytheon has just landed a $1 billion contract with the U.S. Air Force to provide "Group B hardware, spares, and support equipment," which should significantly impact the defense contractor's stock price and, by extension, bene ...

Group 1: Contract Details - RTX Corp. has secured a contract valued at $27.7 million for the repair of components used in the Next Generation Jammer Mid-Band (NGJ-MB) System for the F/A-18 aircraft, expected to be completed by August 2026 [2][6] - The majority of the work will be conducted in Forest, MS, and Fort Wayne, IN [2] Group 2: Purpose and Technology of NGJ-MB - The NGJ-MB system enhances airborne electronic attack capabilities, allowing the U.S. Navy to disrupt enemy technology through advanced electronic warfare [3][6] - It employs digital, software-based, and Active Electronically Scanned Array technologies for non-kinetic attacks on multiple targets at greater distances [3] Group 3: Market Trends and Opportunities - Increased geopolitical tensions are driving up defense budgets and modernization initiatives, particularly in electronic warfare systems, which are critical for national defense [4][5] - The electronic warfare market is projected to grow at a compound annual growth rate (CAGR) of 12.5% from 2023 to 2028, reaching $19.4 billion by 2028 [7] Group 4: Competitive Landscape - Other defense contractors benefiting from the expanding electronic warfare market include L3Harris Technologies, Northrop Grumman, and Lockheed Martin, each with their own electronic warfare systems and growth projections [9][11][13] - L3Harris has a long-term growth rate of 9.3%, Northrop Grumman at 8.7%, and Lockheed Martin at 4.7%, with respective sales improvements projected for 2024 [10][12][14] Group 5: Stock Performance - RTX shares have increased by 39.3% over the past year, contrasting with a 1.4% decline in the industry [15]

ARLINGTON, Va., Aug. 28, 2024 /PRNewswire/ -- RTX (NYSE: RTX) President and CEO Chris Calio will speak at the Morgan Stanley 12th Annual Laguna Conference on Wednesday, Sept. 11 at 11:45 a.m. Eastern Time. The presentation will be broadcast live at www.rtx.com and will be archived on the website afterward. About RTX With more than 185,000 global employees, RTX pushes the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace ...

Core Insights - Raytheon successfully demonstrated the SeaVue Multi-role Radar's long-range target detection capabilities during the U.S. Navy's Rim of the Pacific (RIMPAC) exercise, the largest international maritime exercise in the world [1][2] Company Overview - Raytheon, part of RTX, is a leading provider of defense solutions, focusing on technologies for integrated air and missile defense, smart weapons, advanced sensors, and radars, among others [5] - RTX employs over 185,000 people globally and reported sales of $69 billion in 2023, with a focus on advancing aviation and integrated defense systems [6] Technology and Capabilities - The SeaVue Multi-role Radar (SVMR) demonstrated its ability to provide high-fidelity targeting data necessary for effective weapons engagement in maritime environments, enhancing situational awareness and decision-making [3] - SVMR features a modular and scalable architecture, allowing for affordable upgrades and has been extensively tested for both low and high-altitude surveillance modes [4]