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RTX, Kongsberg, and Norway showcase GhostEye radar at Paris Air Show
Prnewswire· 2025-06-17 09:00
Core Insights - The Kingdom of Norway will collaborate with Raytheon and Kongsberg Defence and Aerospace to develop the GhostEye® radar, enhancing the NASAMS® air defense system [1][2] - GhostEye is designed for maximum transportability and rapid deployment, capable of detecting various airborne threats [3][4] - The development of GhostEye is funded under a collaborative arrangement established in October 2023, marking the first formal project under this agreement [2][5] Company and Industry Overview - Raytheon has over 30 years of experience producing and supporting the NASAMS system in partnership with Kongsberg, with a renewed agreement extending their collaboration for another ten years [5] - RTX, the parent company of Raytheon, is the world's largest aerospace and defense company, with 2024 sales projected to exceed $80 billion [7]
RTX's Pratt & Whitney tests 3D printed rotating part for its TJ150 engine
Prnewswire· 2025-06-17 07:30
Group 1 - Pratt & Whitney has successfully tested its 3D printed TJ150 turbine wheel, marking a significant advancement in additive manufacturing capabilities [1][3] - The TJ150 turbojet engine delivers 150 pounds of thrust and is designed for various autonomous systems and weapons [2] - The testing confirms the engine's performance at full operating speeds and temperatures, meeting expected life duration, indicating a shift from static to rotating components [3] Group 2 - Pratt & Whitney GATORWORKS played a crucial role in the TJ150 redesign, reducing the core module part count from over 50 to a few, which significantly cuts production time and costs [3] - The design and testing of the engine were completed in eight months, showcasing the efficiency of in-house capabilities [3] - RTX, the parent company, is the largest aerospace and defense company with over 185,000 employees and projected sales exceeding $80 billion in 2024 [5]
RTX Hybrid-Electric Flight Demonstrator program achieves full power test milestone for propulsion system and batteries
Prnewswire· 2025-06-16 13:00
Core Insights - Pratt & Whitney Canada has achieved a significant milestone in the RTX Hybrid-Electric Flight Demonstrator project by testing the integrated propulsion system and batteries to full power, aiming for a 30% improvement in fuel efficiency for regional turboprops [1][3] Group 1: Project Details - The project involves the first battery-powered operation of a propulsion system that combines a Pratt & Whitney Canada thermal engine with a 1 megawatt electric motor developed by Collins Aerospace [2] - The 200 kilowatt-hour batteries supplied by H55 S.A. have been successfully charged and discharged using a high-voltage Mobile Charging Unit co-developed by Pratt & Whitney Canada, the National Research Council of Canada, and the Innovative Vehicle Institute [2] - AeroTEC has been selected to support future flight testing of the De Havilland Canada Dash 8-100 experimental aircraft, providing critical baseline data and engineering expertise [3][4] Group 2: Collaborations and Technology - The collaboration includes GKN Aerospace, which is providing high-voltage electrical wiring and interconnection systems, and Ricardo, which is supporting the development of the hybrid-electric propulsion system [3] - Hybrid-electric propulsion is a core part of RTX's technology roadmap, leveraging expertise from Pratt & Whitney and Collins Aerospace to improve fuel efficiency and performance in future aircraft [4] Group 3: Company Background - Pratt & Whitney is a leader in the design, manufacture, and service of aircraft engines and auxiliary power units, supporting over 90,000 in-service engines globally [6] - RTX is the world's largest aerospace and defense company, with over 185,000 employees and 2024 sales exceeding $80 billion, focusing on advancing aviation and integrated defense systems [7]
RTX's Pratt & Whitney and Cebu Pacific sign long-term engine maintenance deal
Prnewswire· 2025-06-16 10:45
Core Insights - Pratt & Whitney and Cebu Pacific have signed a long-term EngineWise™ maintenance services agreement for Cebu Pacific's GTF engine fleet, aligning maintenance costs with engine utilization [1][2] - The 12-year agreement supports Cebu Pacific's fleet expansion, including a historic order for up to 152 A321neo aircraft and engines for 15 A320neo family aircraft [2] - The agreement enhances Cebu Pacific's operational efficiency by providing access to technical expertise, fleet data, and business intelligence [3] Company Overview - Cebu Pacific is the largest airline in the Philippines, operating 37 domestic and 26 international destinations with a fleet of 98 aircraft, including Airbus A320, A321, A330, and ATR models [5] - The airline currently operates 56 Pratt & Whitney powered aircraft and has a long-standing relationship with Pratt & Whitney dating back to the 1990s [4] Industry Context - The GTF engine technology allows for up to a 20% reduction in fuel burn compared to previous-generation engines, leading to significant savings in fuel efficiency, lower emissions, and reduced operating costs for airlines [4] - Pratt & Whitney, as part of RTX, is a leader in aircraft engine design and service, supporting over 90,000 engines globally [6][7]
Frontier Airlines selects RTX's Pratt & Whitney GTF™ engines to power 91 Airbus A321neo aircraft
Prnewswire· 2025-06-16 10:00
Group 1 - Frontier Airlines has selected Pratt & Whitney GTF™ engines to power 91 Airbus A321neo aircraft, increasing its total commitment to 235 GTF-powered aircraft [1][2] - The first of the new aircraft is scheduled for delivery in Q4 2026, and Pratt & Whitney will provide long-term engine maintenance through an EngineWise® Comprehensive service agreement [1][3] - Frontier Airlines operates the largest and youngest A320neo family fleet in the U.S., emphasizing its commitment to fuel efficiency and environmental sustainability [2][4] Group 2 - The GTF Advantage engine, which offers higher take-off thrust, better fuel efficiency, and longer time on wing, will be the production standard for Frontier Airlines' A321neo aircraft deliveries in the coming years [3] - Frontier Airlines aims to enhance its customer-centric brand transformation while maintaining affordable prices and exceptional travel experiences [3][4] - Pratt & Whitney has a long history in aircraft engine design and service, supporting over 90,000 in-service engines globally [5] Group 3 - RTX, the parent company of Pratt & Whitney, is the world's largest aerospace and defense company, with over 185,000 employees and 2024 sales exceeding $80 billion [6] - RTX focuses on advancing aviation and integrated defense systems, addressing critical challenges for global customers [6]
RTX's Pratt & Whitney announces GTF Hot Section Plus
Prnewswire· 2025-06-16 05:00
Core Insights - Pratt & Whitney is launching the Hot Section Plus (HS+) upgrade for the PW1100G-JM engine, which will nearly double the time on wing compared to the current GTF engine, providing 90 to 95% of the durability benefits of the GTF Advantage engine [1][2] Group 1: Product Features - HS+ will consist of approximately 35 part numbers and will be available for purchase during maintenance visits, with installations starting in 2026 [2] - The GTF Advantage engine features advanced hot section technology, including improved airfoil design and optimized cooling hole characteristics to enhance durability [3] Group 2: Efficiency and Cost Savings - The GTF engine is recognized as the most efficient engine for single-aisle aircraft, offering up to 20% better fuel efficiency than previous generations, leading to significant cost savings for operators [4] Group 3: Company Overview - Pratt & Whitney, a business unit of RTX, specializes in the design, manufacture, and service of aircraft engines and auxiliary power units, supporting over 90,000 in-service engines globally [5] - RTX is the largest aerospace and defense company, with over 185,000 employees and projected sales exceeding $80 billion in 2024 [6]
XRP Ledger Payment Volume Skyrockets Over 1,000%, Analysts Expect Similar For Remittix (RTX)
GlobeNewswire News Room· 2025-06-15 15:24
Core Insights - The XRP Ledger has experienced an unprecedented 1,000% surge in payment volume, indicating strong investor interest and potential for price increases [1] - Experts suggest that investing in emerging payment tokens like Remittix (RTX) may yield higher returns, as these tokens often benefit from XRP price increases [3] Company Overview - Remittix aims to bridge the gap between cryptocurrencies and traditional fiat systems through its PayFi protocol, enabling seamless and low-cost crypto-fiat transactions globally [4] - The global remittances market is valued at over $800 billion, with Remittix positioned to address inefficiencies in cross-border transactions [5] Market Potential - Remittix is currently priced at $0.0811, with analysts projecting significant growth potential as it captures market share in cross-border payments [6] - The XRP Ledger's transaction volume surged from 295.67 million XRP to 4.11 billion XRP in just 24 hours, driven by Ripple's network expansion and increasing institutional interest [7][8] Price Predictions - XRP has regained support near $2.25 and is expected to reach $3, with resistance levels around $2.4 and $2.5 [9][10] - The recent transaction boom on the XRP Ledger suggests accelerating adoption, further supporting the bullish outlook for XRP [11] Investment Opportunity - Remittix is highlighted as a standout investment option, with its presale priced at $0.0811 per token, attracting significant investor interest [12]
These 3 war stocks rocket after Iran is attacked
Finbold· 2025-06-13 10:25
Group 1: Market Reaction - Several war stocks surged following the Israeli strike on Tehran, Iran [1] - U.S. stock futures dropped by 1.5%, while VIX futures increased by 13% [2] - Oil prices rose as much as 15% due to concerns over crude oil shipment issues, stabilizing around $72 with a 6% increase [2] Group 2: Company Performance - Lockheed Martin's F-35 and F-16 jets were deployed during the strike, indicating the company's dominance in tactical aviation [3] - Increased demand for Lockheed Martin's fighter jets is anticipated, especially after the retirement of the F-16C fleet [3] - Lockheed Martin also produces radar systems, smart ammunition, and missile defense platforms, enhancing its presence in the Middle East [3] Group 3: Related Companies - Northrop Grumman, known for stealth aircraft and global surveillance drones, is positioned to benefit from Lockheed Martin's increased footprint [4] - RTX Corporation could see long-term demand for engines, aerospace systems, and defense missiles used by Lockheed and NATO partners in the region [4] - In pre-market trading, RTX was up 6.01%, Lockheed Martin was up 4.20%, and Northrop Grumman was up 7.66% [6]
中美谈判中的稀土逆袭:美国科技霸权的脆弱真相
Sou Hu Cai Jing· 2025-06-12 02:17
Group 1 - The negotiation between the US and China highlights the critical dependence of the US high-tech industry on Chinese rare earth resources, with the US military realizing its vulnerability when production lines were halted due to a lack of essential materials [3][5] - The US has a significant reliance on China for rare earth elements, as evidenced by the F-35 fighter jet requiring 417 kilograms of rare earths per unit, and the majority of the 750 active weapon systems in the US also depend on these resources [3][5] - The US is facing a crisis in its industrial sector, with companies like Tesla and Apple experiencing production delays due to shortages of rare earth materials, indicating a broader impact on the US manufacturing landscape [3][5] Group 2 - The US presented a "concession list" during negotiations, which included easing restrictions on chip design software and engine parts, but China's response emphasized the need for core technology unblocking, particularly regarding SMIC and Huawei [5][9] - Despite the US government's rhetoric about "decoupling" from China, multinational companies are increasingly investing in China, demonstrating a strong reliance on Chinese rare earth resources for their operations [7][9] - China is strategically using its rare earth resources as leverage in negotiations, implementing strict export controls and ensuring compliance, which challenges the US's long-standing dominance in technology and supply chain management [9]
HII vs. RTX: Which Stock Is the Better Value Option?
ZACKS· 2025-06-11 16:40
Core Insights - The article compares Huntington Ingalls (HII) and RTX (RTX) to determine which stock is more attractive for value investors [1] Valuation Metrics - HII has a forward P/E ratio of 15.61, while RTX has a forward P/E of 23.20 [5] - HII's PEG ratio is 1.41, indicating a more favorable valuation compared to RTX's PEG ratio of 2.50 [5] - HII's P/B ratio is 1.84, compared to RTX's P/B of 2.92, suggesting HII is undervalued relative to its book value [6] Investment Ratings - HII currently holds a Zacks Rank of 2 (Buy), while RTX has a Zacks Rank of 3 (Hold), indicating a stronger outlook for HII [3][6] - HII's Value grade is B, whereas RTX's Value grade is C, further supporting HII as the more attractive option for value investors [6]