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RTX's earnings outpace the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 6.62%.
The Raytheon subsidiary of defense contractor RTX agreed to pay more than $950 million to settle Department of Justice investigations into an alleged government contract fraud scheme, violations of foreign bribery laws and the Arms Export Control Act. "Raytheon engaged in criminal schemes to defraud the U.S. government in connection with contracts for critical military systems and to win business through bribery in Qatar," said Deputy Assistant Attorney General Kevin Driscoll.
An RTX unit on Wednesday agreed to resolve criminal charges brought by the U.S. Department of Justice stemming from a long-running foreign bribery probe.
This marks the first Missile Defense Agency cooperative development program with Japan to reach this milestone TUCSON, Ariz. , Oct. 15, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has entered full-rate production for Standard Missile-3 Block IIA, validating the program's design maturity amid increased demand for the product from the United States and allied partners.
RTX (RTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Collaborative mission autonomy tested in operational settings during U.S. Army exercise YUMA PROVING GROUND, Ariz., Oct. 15, 2024 /PRNewswire/ -- RTX (NYSE: RTX) businesses, Collins Aerospace and Raytheon, collectively showcased new capabilities at the U.S. Army's Experimental Demonstration Gateway Event (EDGE).
The U.S. Army also awarded a second Lightweight Command Launch Unit low-rate initial production contract TUCSON, Ariz. , Oct. 15, 2024 /PRNewswire/ -- The U.S. Army awarded the Javelin Joint Venture (JJV) two production contracts totaling $267 million for Lightweight Command Launch Units (LWCLU).
U.S. Army tests prove LIDS effectiveness against enemy drones YUMA PROVING GROUND, Ariz., Oct. 14, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business demonstrated the capabilities of the Ku-band Radio Frequency Sensor, known as KuRFS, the Coyote™ Block 2 kinetic effector, and the Block 3 non-kinetic effector during the U.S. Army's annual summer test period.
RTX (RTX) concluded the recent trading session at $123.93, signifying a +0.81% move from its prior day's close.
RTX's unit Raytheon has recently received a three-year contract from DARPA to create UWBGS.