Raytheon Technologies Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations. This segment also designs, produces, and supports cabin interior, communications and aviation systems, oxygen systems, food and beverage preparation, storage and galley systems, and lavatory and wastewater management systems; airborne intelligence, surveillance and reconnaissance systems, test and training range systems, crew escape systems, and simulation and training solutions; information management services; and aftermarket services that include spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions, and information management services. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers; and produces, sells, and services military and commercial auxiliary power units. The Raytheon Intelligence & Space segment develops and provides integrated sensor and communication systems for missions, training, and cyber and software solutions to intelligence, defense, federal, and commercial customers. The Raytheon Missiles & Defense segment designs, develops, produces, and sustains integrated air and missile defense systems; defensive and combat solutions; land- and sea-based radars; command, control, communications, and intelligence solutions; and naval and undersea sensor solutions for the U.S. and foreign government customers. The company is headquartered in Waltham, Massachusetts.
IPO Year:
Exchange: NYSE
Website: rtx.com
Date | Price Target | Rating | Analyst |
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10/3/2024 | $109.00 → $129.00 | Sell → Hold | Deutsche Bank |
7/31/2024 | $110.00 → $140.00 | Neutral → Buy | BofA Securities |
7/30/2024 | $134.00 | Neutral → Overweight | Alembic Global Advisors |
3/14/2024 | $100.00 → $120.00 | Equal Weight → Overweight | Wells Fargo |
1/25/2024 | $78.00 → $100.00 | Underperform → Neutral | BofA Securities |
1/16/2024 | $88.00 → $94.00 | Outperform → Neutral | Robert W. Baird |
11/15/2023 | Overweight → Neutral | Redburn Atlantic | |
10/27/2023 | $79.00 → $68.00 | Hold → Sell | Deutsche Bank |
10/11/2023 | $110.00 → $80.00 | Buy → Neutral | UBS |
9/29/2023 | $81.00 | Neutral | Alembic Global Advisors |
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RTX (NYSE:RTX) reported quarterly earnings of $1.41 per share which beat the analyst consensus estimate of $1.30 by 8.46 percent. The company reported quarterly sales of $19.70 billion which beat the analyst consensus estimate of $19.28 billion by 2.20 percent. This is a 7.56 percent increase over sales of $18.32 billion the same period last year.
More than 11,000 GTF orders and commitments program to dateLONDON, July 24, 2024 /PRNewswire/ -- Farnborough Air Show – Pratt & Whitney, an RTX (NYSE:RTX) business, announced more than 950 GTF engine orders and commitments since the beginning of 2024. Airlines and lessors that have announced orders include Avolon, Breeze Airways, Cebu Pacific, Icelandair, JetSMART, Mexicana, SKY Airline, SMBC, and Vietjet. In total, more than 11,000 GTF engine orders and commitments have been placed by more than 90 customers worldwide.
National airline of Papua New Guinea is a first-time GTF customerLONDON, July 24, 2024 /PRNewswire/ -- Farnborough Air Show -- Pratt & Whitney, an RTX (NYSE:RTX) business, and Air Niugini have finalized engine and aftermarket agreements for the GTF engines that will power the airline's fleet of 11 Airbus A220 aircraft. Pratt & Whitney will provide a full suite of support services with a 12-year EngineWise® Comprehensive agreement. With this order, Air Niugini becomes a first-time GTF customer.
Freebird Airlines has selected Collins Aerospace, an RTX business (NYSE:RTX) to add a comprehensive suite of digital solutions enabling the airline to make proactive decisions to improve operations across its A320 fleet of aircraft.
- WSJ
Deep-pocketed investors have adopted a bearish approach towards RTX (NYSE:RTX), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RTX usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for RTX. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 12% leaning bullish and 87% bearish. Among these notable options, 2 are puts, totalin
Expanded capabilities will support increased Polish Air Force needs RZESZÓW, Poland, Nov. 21, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE:RTX) business, signed a letter of intent with Wojskowe Zaklady Lotnicze Nr. 2 S.A., also known as WZL2, to explore expanded maintenance repair and overhaul capabilities for increased Polish Air Force needs. "We are identifying ways to increase F100 engine sustainment work in Poland to ensure our Polish ally has the propulsion power they need," said Piotr Owsicki, general director of Pratt & Whitney Rzeszów. "We plan to use existing knowledge and experience, as well as infrastructure testing facilities, to provide the full cycle of F100 engine main
Technology will extend operational reach and counter autonomous systems EL SEGUNDO, Calif., Nov. 14, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE:RTX) business, has been awarded a contract from the U.S. Army to work on directed energy wireless power beaming capabilities that will distribute power across the battlefield, simplify logistics, and safeguard locations for U.S. troops. Work is being conducted as part of a larger effort under the Department of Defense's Operational Energy Strategy. Under the contract, Raytheon's Advanced Technology team will develop advanced wireless power transmitter and receiver technologies to enable a long-range demonstration in line with the needs of U.S. Army
Cockpit upgrade will increase collaboration, operational effectiveness and safety for UK and U.S. operators LONDON, Nov. 12, 2024 /PRNewswire/ -- Collins Aerospace, an RTX business, has received a $19 million contract from the Department of Defense to equip a fleet of new H-47 Chinooks for the UK Royal Air Force with its Common Avionics Architecture System (CAAS) avionics management suite. This cockpit upgrade will make UK Chinooks interoperable with the U.S. Chinooks, using the same avionics system, advance digital cockpit displays and applications. "Interoperability with our allies will be crucial in the future fight, particularly when it comes to maintaining air dominance," said Dave Sch
New maintenance, repair and overhaul capabilities for the GTF engine expected in 2026 CHRISTCHURCH, New Zealand, Nov. 7, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE:RTX) business, and Air New Zealand today hosted a groundbreaking ceremony for a US$150 million, 14,000 square meter expansion of its Christchurch Engine Centre. The expansion will add maintenance, repair and overhaul (MRO) capabilities for the Pratt & Whitney GTF™ engine in New Zealand, with capacity for up to 140 GTF engine overhauls planned annually by 2032. Construction of the facility expansion begins this month, and the first GTF engine overhaul is expected in the fourth quarter of 2026. The Christchurch Engine Centr
RTX BBN Technologies to develop tool that compartmentalizes software systems to prevent escalation of cyberattacks CAMBRIDGE, Mass., Nov. 7, 2024 /PRNewswire/ -- RTX's (NYSE:RTX) BBN Technologies was awarded a contract to support DARPA's Compartmentalization and Privilege Management, or CPM, program. The CPM program aims to enhance cyber resilience by automatically subdividing software systems into smaller, secure compartments, preventing initial breaches from escalating into successful cyberattacks while maintaining system efficiency. According to the U.S. Government Accountability Office, the U.S. Department of Defense has experienced more than 12,000 cyber incidents since 2015. These inc
MISSISSAUGA, Ontario, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. ("Next Hydrogen") (TSXV:NXH, OTC:NXHSF), a designer and manufacturer of electrolyzers, is developing high-efficiency, low-cost electrolyzers needed for establishing hydrogen production infrastructure for the aviation industry. Pratt & Whitney Canada will demonstrate hydrogen combustion technology on a PW127XT regional turboprop engine under the project named Hydrogen Advanced Design Engine Study (HyADES). Pratt & Whitney is an RTX (NYSE:RTX) business. This project is supported by Canada's Initiative for Sustainable Aviation Technology (INSAT). "This collaborative project with INSAT enables us to develop k
First phase of HyADES project will include tests on PW127XT engine fuel nozzle and combustor rig MONTREAL, Nov. 6, 2024 /PRNewswire/ -- Pratt & Whitney Canada will demonstrate hydrogen combustion technology on a PW127XT regional turboprop engine as part of a project supported by Canada's Initiative for Sustainable Aviation Technology (INSAT). The project, named Hydrogen Advanced Design Engine Study (HyADES), will be in collaboration with Next Hydrogen Solutions Inc., which will develop high-efficiency, low-cost electrolyzers needed for establishing hydrogen production infrastructure. Pratt & Whitney is an RTX (NYSE:RTX) business. "This collaborative project with INSAT enables us to develop
Vancouver, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Deutsche Aircraft, and Pratt & Whitney Canada, announce the conclusion of a series of five emission and contrail measurement flights on a D328® UpLift research aircraft using a fully synthetic Fischer-Tropsch fuel, preparing for the use of future sustainable aviation fuels (SAF) produced using Power-to-Liquid (PtL) technology. This significant achievement marks a new milestone in the 40 years of collaboration between the two companies and helps pave the way to ensuring that Deutsche Aircraft's next generation 40-seater D328eco™ powered by Pratt & Whitney Canada PW127XT-S engines will be ready to operate with future specifications for 100% SAF fr
Next Level Aviation® to continue to support Pratt & Whitney CSA through consignment of used serviceable engine accessories for an additional three years DANIA BEACH, Fla., Oct. 29, 2024 /PRNewswire/ -- Next Level Aviation® (NLA), a leader in the global distribution of used serviceable materials (USM), has extended an agreement with Pratt & Whitney Commercial Serviceable Assets (CSA), regarding the sale of used serviceable material (USM) for aircraft engines for an additional three years. This further enhances Next Level Aviation's leadership position as a global distributor of USM, primarily supporting Boeing and Airbus aircraft platforms and associated jet engines. Pratt & Whitney is an RTX
New systems were produced at Collins' facility in Nördlingen, Germany NÖRDLINGEN, Germany, Oct. 28, 2024 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE:RTX) business, has completed prototype development of a solid-state power controller and power distribution panel as part of the SWITCH project, supported by the European Union's Clean Aviation Joint Undertaking (Clean Aviation). Following design and production in Nördlingen, the megawatt-class power distribution components will now be shipped to Collins' state-of-the-art electric power systems lab, The Grid, in Rockford, Illinois for system integration testing.
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Deutsche Bank upgraded RTX from Sell to Hold and set a new price target of $129.00 from $109.00 previously
BofA Securities upgraded RTX from Neutral to Buy and set a new price target of $140.00 from $110.00 previously
Alembic Global Advisors upgraded RTX from Neutral to Overweight and set a new price target of $134.00
Wells Fargo upgraded RTX from Equal Weight to Overweight and set a new price target of $120.00 from $100.00 previously
BofA Securities upgraded RTX from Underperform to Neutral and set a new price target of $100.00 from $78.00 previously
Robert W. Baird downgraded RTX from Outperform to Neutral and set a new price target of $94.00 from $88.00 previously
Redburn Atlantic downgraded RTX from Overweight to Neutral
Deutsche Bank downgraded RTX from Hold to Sell and set a new price target of $68.00 from $79.00 previously
UBS downgraded RTX from Buy to Neutral and set a new price target of $80.00 from $110.00 previously
Alembic Global Advisors initiated coverage of RTX with a rating of Neutral and set a new price target of $81.00
RTX delivers strong operational performance;Increases 2024 outlook for adjusted sales* and adjusted EPS* ARLINGTON, Va., Oct. 22, 2024 /PRNewswire/ -- RTX (NYSE:RTX) reported third quarter 2024 results. Third quarter 2024 Reported sales of $20.1 billionAdjusted sales* of $20.1 billion, up 6 percent versus prior year, and up 8 percent organically* excluding the divestiture of the Cybersecurity, Intelligence and Services businessGAAP EPS was $1.09 and included $0.31 of acquisition accounting adjustments and $0.05 of restructuring and other net significant and/or non-recurring chargesAdjusted EPS* of $1.45, up 16 percent versus prior yearOperating cash flow of $2.5 billion; Free cash flow* of
ARLINGTON, Va., Oct. 9, 2024 /PRNewswire/ -- 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 Dec. 12, 2024 to shareowners of record at the close of business on Nov. 15, 2024. RTX has paid cash dividends on its common stock every year since 1936. About RTXWith 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, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems, and developing next-generation
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 RTXWith 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, Pratt & Whitney, and Raytheon – we are adva
RTX delivers solid operational performance and 8% sales growth; Increases 2024 outlook for adjusted sales* and adjusted EPS*, revises free cash flow* ARLINGTON, Va., July 25, 2024 /PRNewswire/ -- RTX (NYSE:RTX) reported second quarter 2024 results. Second quarter 2024 Reported sales of $19.7 billion, up 8 percent versus prior year and up 10 percent on an organic* basisAdjusted sales* of $19.8 billion, up 8 percent versus prior yearGAAP EPS was $0.08 and included $0.29 of acquisition accounting adjustments and $1.04 of other net significant and/or non-recurring items and restructuring, including $0.03 of restructuring and other non-recurring items, a $0.68 charge related to the expected reso
ARLINGTON, Va., July 2, 2024 /PRNewswire/ -- RTX (NYSE:RTX) will issue its second quarter 2024 earnings Thursday, July 25, prior to the stock market opening. A conference call will take place at 8:00 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 pushes the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are
ARLINGTON, Va., June 3, 2024 /PRNewswire/ -- 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. RTX has paid cash dividends on its common stock every year since 1936. About RTXWith 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, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems, and developing next-generation
ARLINGTON, Va., May 2, 2024 /PRNewswire/ -- RTX (NYSE:RTX) announced today that its Board of Directors declared a dividend of 63 cents per outstanding share of RTX common stock, which represents an increase of 6.8 percent over the prior quarter's dividend amount. The dividend will be payable on June 13, 2024 to shareowners of record at the close of business on May 17, 2024. "The growth of RTX's dividend reflects our confidence that our portfolio is strong and demand for our products continues to grow," said RTX President and CEO Chris Calio. "We are on track to return between $36 and $37 billion of capital to shareowners through dividends and share repurchases from the date of the merger th
RTX delivers strong 12% sales growth; Q1 book-to-bill of 1.34 with an RTX record backlog of $202B; Reaffirms full year outlook ARLINGTON, Va., April 23, 2024 /PRNewswire/ -- RTX (NYSE:RTX) reported first quarter 2024 results. First quarter 2024 Sales of $19.3 billion, up 12 percent versus prior year on a reported and organic* basisGAAP EPS of $1.28, up 32 percent versus prior year, which included $0.29 of acquisition accounting adjustments and a $0.23 benefit from net significant and/or non-recurring items and restructuringAdjusted EPS* of $1.34, up 10 percent versus prior yearOperating cash flow of $0.3 billion; Free cash outflow* of $0.1 billionGross proceeds of $1.3 billion from the com
ARLINGTON, Va., April 2, 2024 /PRNewswire/ -- RTX (NYSE:RTX) will issue its first quarter 2024 earnings Tuesday, April 23, 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 RTXWith 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, Pratt & Whitney, and Raytheon – we are advan
ARLINGTON, Va., Feb. 2, 2024 /PRNewswire/ -- RTX (NYSE:RTX) announced today that its Board of Directors declared a dividend of 59 cents per outstanding share of RTX common stock. The dividend will be payable on March 21, 2024 to shareowners of record at the close of business on Feb. 23, 2024. RTX has paid cash dividends on its common stock every year since 1936. About RTXRTX is the world's largest aerospace and defense company. With more than 185,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering int
ARLINGTON, Va., July 17, 2024 /PRNewswire/ -- RTX (NYSE:RTX) today announced Troy Brunk has been appointed president of Collins Aerospace and will report to RTX president and chief executive officer Christopher Calio. Brunk, a 30-year aerospace and defense veteran, succeeds Stephen Timm who has decided to retire. "Having led three of the six strategic business units at Collins Aerospace, Troy has a deep understanding of the portfolio and its customers," said Calio. "Troy's decades of industry experience and leadership make him the right person to lead Collins into its next phase of growth." Brunk has served in a variety of Collins Aerospace leadership positions including president of the Av
Portfolio of projects will generate millions of kilowatt hours of clean electricity Collins Aerospace, an RTX (NYSE:RTX) business, and Common Energy, a leading community solar provider, today announced a partnership to support a portfolio of four new community solar projects across the greater Portland area. In aggregate, the projects have a capacity of 12 megawatts and will generate 17 million kilowatt hours of clean energy each year. Clean electricity from the projects will flow directly to the electric grid and replace fossil fuel generation, thereby lowering carbon emissions and benefiting the broader Portland community. The projects will be owned and operated by Luminace, a wholly o
Juan M. de Bedout to succeed Russell as RTX Chief Technology Officer ARLINGTON, Va., Dec. 19, 2023 /PRNewswire/ -- RTX (NYSE:RTX) today announced Mark E. Russell, chief technology officer and senior vice president, will retire from his role effective Jan. 1, 2024. He will continue in an advisory role with the company. "With more than 40 years of service, Mark's long and distinguished career at RTX has demonstrated his strong commitment to solving complex problems to meet customer needs and a dedication to engineering and technology excellence," said President and Chief Operating Officer Christopher T. Calio. "We appreciate and thank Mark for all his contributions to RTX." Juan de Bedout wa
Hayes to serve as executive chairman; Calio elected to the company's board of directors ARLINGTON, Va., Dec. 14, 2023 /PRNewswire/ -- In a planned leadership transition, RTX (NYSE:RTX) today announced that President and Chief Operating Officer Christopher T. Calio will succeed Gregory J. Hayes as chief executive officer at the 2024 RTX Annual Shareowners Meeting scheduled for May 2. Hayes will continue to serve as executive chairman of RTX. Calio was also appointed to the company's board of directors effective today. "Today's announcement reflects the Board's deliberate, disciplined succession planning process," said chairman and CEO Greg Hayes. "Chris has a deep understanding of the indust
ARLINGTON, Va., Nov. 22, 2023 /PRNewswire/ -- RTX (NYSE:RTX) today announced the appointment of Fredric G. Reynolds as lead independent director. Mr. Reynolds replaces Dinesh C. Paliwal who will step down from the Board, effective December 1, 2023. "On behalf of the Board, the RTX management team and our shareholders, I would like to thank Dinesh for his service on our Board of Directors," said Gregory J. Hayes, Chairman and CEO of RTX. "His contributions over the past three and a half years as lead independent director have been extremely helpful in establishing RTX as the world's leading aerospace and defense company, and we wish him the very best in the future." "It has been an honor to
Space and defense veteran to lead combined global, U.S. high-growth business unit Intelsat, operator of one of the world's largest integrated satellite and terrestrial networks and leading provider of connectivity to the U.S. Government, has tapped David J. Broadbent as its new President, Government Solutions. Effective today, Broadbent is responsible for Intelsat's government business globally and joins the company's seven-member Management Committee. He reports to Intelsat Chief Executive Officer David C. Wajsgras. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231113052338/en/David J. Broadbent will be responsible for Intel
EAGAN, Minn., June 20, 2023 (GLOBE NEWSWIRE) -- Predictive Oncology Inc. (NASDAQ:POAI), a science-driven company leveraging its proprietary artificial intelligence and machine learning capabilities, extensive biorepository of tumor samples, Clinical Laboratory Improvement Amendments (CLIA) laboratory and Good Manufacturing Practices (GMP) facility, to accelerate oncology drug discovery and enable drug development, today announced the appointment of Dr. Bernard A. Harris, Jr. to its newly-formed Business Advisory Board (BAB). "I am very pleased to welcome Dr. Harris to our new Business Advisory Board," said Raymond F. Vennare, Chief Executive Officer of Predictive Oncology. "As we continue
ARLINGTON, Va., Jan. 16, 2023 /PRNewswire/ -- Raytheon Technologies (NYSE:RTX) today announced that its board of directors has elected Leanne G. Caret as a director. Caret is an experienced aerospace and defense industry leader, most recently serving as executive vice president and senior advisor for The Boeing Company. "Leanne Caret is one of the most accomplished leaders in our industry," said Raytheon Technologies Chief Executive Officer and Chairman Greg Hayes. "With a focus on rapid deployment of highly complex systems, she has driven development of groundbreaking technol
WALTHAM, Mass., March 16, 2022 /PRNewswire/ -- Barbara Borgonovi has been named Raytheon Technologies' (NYSE:RTX) senior vice president of Corporate Strategy & Development, effective April 1, 2022. Borgonovi will report to Chairman and Chief Executive Officer Gregory Hayes and serve as a member of the executive leadership team and will be responsible for developing corporate strategies that enhance profitability and performance, and for assessing merger and acquisition opportunities to drive overall company growth. "Barbara brings to this critical role two decades of leaders
WALTHAM, Mass., Dec. 8, 2021 /PRNewswire/ -- Raytheon Technologies (NYSE:RTX) today announced that Raja Maharajh has been appointed as general counsel of Raytheon Technologies and will report directly to Chairman and Chief Executive Officer Greg Hayes. "Raja brings decades of legal experience to the general counsel role and has served as a trusted advisor to myself and the senior leadership team," Hayes said. "He is a proven leader, partnering across global teams to achieve results for our company and our customers. In his new role, I'm confident Raja will continue to advance our business objectives in alignment with our values." Maharajh replaces Frank Jimenez, who has decided to pursue new