RTX Stock Recent News

The RTX (RTX) stock price continued its robust surge as geopolitical tensions rose this week. It jumped to a fresh all-time high of $124.40 on Tuesday, bringing the year-to-date gains 50%, making it its best year ever.

$255 million investment will support global sustainment for F135, F117, TF33, F100 and F119 engines OKLAHOMA CITY , Oct. 1, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX business (NYSE: RTX), celebrated the opening of its new 845,000-square-foot facility in Oklahoma City, Oklahoma, solidifying its position as the business's largest military engines field location. The $255 million investment will enable Pratt & Whitney to meet the growing demands of both U.S. and global defense customers for the F135, F117, TF33, F100 and F119 engines.

RTX, with its recent contract win, is ready to work on the F135 Engine Core Upgrade to boost the F-35 combat aircraft's efficiency.

Capability upgrade will counter new adversary threats MCKINNEY, Texas , Oct. 1, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been awarded a $192 million contract from the U.S. Navy to develop the Next Generation Jammer Mid-Band Expansion (NGJ-MBX), an upgrade to the current Next Generation Jammer Mid-Band (NGJ-MB) system. This modification will extend the frequency range of the NGJ-MB system to counter additional threats.

Defense is a crucial equity allocation due to rising global conflicts, with RTX positioned in air defense and tech warfare sectors. RTX excels in aerospace and defense with strong segments like Collins Aerospace, Pratt & Whitney, and Raytheon, ensuring diversified revenue streams. RTX is a cash generation powerhouse with consistent dividend growth and a robust share repurchase program, enhancing shareholder value.

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.

RTX secures a $525.5 million contract for producing and delivering ESSM Block II guided missile assemblies.

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RTX, with its recent contract win, is set to provide engineering and technical services for the Stinger Weapon System.

The company is overcoming the GTF inspection issue. Strength in the commercial aerospace aftermarket continues to drive earnings sales growth at aerospace companies.