MARKET COMPOSITE
RTX - Raytheon Technologies Corporation8:00:01 PM 6/14/2024
Price
$104.23
-0.80 (-0.76%)
Raytheon Technologies Corporation, an aerospace and defense company, provides advanced systems and services for commercial, military, and government customers worldwide. It operates in four businesses: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems business offers aerostructures, avionics, interiors, mechanical systems, mission systems, and power and control systems that serve customers in the commercial, regional, business aviation, and military sectors. The Pratt & Whitney business designs, manufactures, and services aircraft engines and auxiliary power systems for commercial, military, and business aircraft. The Raytheon Intelligence & Space business engages in developing various sensors, training, and cyber and software solutions. The Raytheon Missiles & Defense business produces a portfolio of advanced technologies, including air and missile defense systems, precision weapons, radars, and command and control systems that delivers end-to-end solutions to detect, track, and engage threats. The company is headquartered in Waltham, Massachusetts.
Financials
Quarterly financials
(USD)Mar 2024Q/Q
Revenue19.3B-3%
Operating Income1.9B+3%
Operating Expenses17.4B-
Net Income1.7B+20%
R&D669MM-12%
G&A1.4B-1%
Amortization526MM+1%
Interest Expense405MM-17%
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Stock news

    Raytheon, an RTX (NYSE: RTX) business, was awarded a $506 million contract from NASA to design and build the Landsat Next Instrument Suite (LandIS), which includes three next generation space instruments, with an option for an additional instrument.

    RTX is set to provide Mod 5 Guided Missile Launching System (GMLS) requirements and spares for its Rolling Airframe Missile program.

    RTX's (NYSE: RTX) small satellite manufacturer and mission services provider, Blue Canyon Technologies, was selected to build two 12U CubeSat buses for NASA's PolSIR mission, which will study ice clouds that form at high altitudes throughout tropical and sub-tropical regions. In addition to designing and manufacturing the bus platforms, Blue Canyon will also provide mission operations services.

    A class action lawsuit filed Tuesday alleges that RTX Corporation, the multinational aerospace and defense systems giant formerly known as Raytheon Technologies, has been discriminating against job seekers who are 40 years or older.

    A major defense contractor was sued Tuesday over allegations that it discriminated against older workers in job ads. The lawsuit filed in federal court in Boston accuses RTX Corporation of posting ads that target younger workers at the expense of their older peers in violation of the federal Age Discrimination in Employment Act, the Massachusetts Fair Employment Practices Act, and the Virginia Human Rights Act. RTX, formerly Raytheon Technologies Corporation, is an American multinational aeros...

    Raytheon, an RTX (NYSE: RTX) business, was awarded a $677 million contract to continue to produce AN/SPY-6(V) radars for the U.S. Navy. This is the third option exercised from the March 2022 hardware, production and sustainment contract that is valued up to $3 billion over five years.

    RTX's (NYSE: RTX) small satellite manufacturer and mission services provider, Blue Canyon Technologies, has established communication with both CubeSats for the NASA PREFIRE (Polar Radiant Energy in the Far InfraRed Experiment) mission. The PREFIRE mission will measure the amount of heat Earth emits into space from the Arctic and Antarctica.

    One of IAE’s largest engine maintenance agreements by number of engines with a non-airline customer The V2500® engine powers commercial, cargo and military aircraft, and has a long track record of providing reliable and efficient performance (Source: Pratt & Whitney) NEW YORK, June 06, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI) and IAE International Aero Engines AG (IAE) today announced a five-year EngineWise® maintenance services agreement for V2500 engines. The agreement includ

    While “economic mayhem” is far from being my base case scenario, I can envision a few events that could indeed play havoc with the U.S. economy. One problem that could trigger economic mayhem is the huge, unsustainable amount of debt that the U.S. government has accumulated. BlueBay asset manager Mark Dowling told the Economist that “sooner or later” the debt would likely produce “a big earthquake.” In another potential scenario, a massive war in the Mideast could cause oil prices to leap to $15

    RTX (NYSE: RTX) announced today that its Board of Directors declared a dividend of 63 cents per outstanding share of RTX common stock. The dividend will be payable on Sept. 5, 2024 to shareowners of record at the close of business on Aug. 16, 2024.