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Here's Why RTX (RTX) Gained But Lagged the Market Today
ZACKS· 2024-06-18 07:05
RTX (RTX) closed the latest trading day at $104.47, indicating a +0.23% change from the previous session's end. This change lagged the S&P 500's 0.77% gain on the day. On the other hand, the Dow registered a gain of 0.49%, and the technology-centric Nasdaq increased by 0.95%. Heading into today, shares of the an aerospace and defense company had gained 0.05% over the past month, outpacing the Aerospace sector's loss of 1.9% and lagging the S&P 500's gain of 3.71% in that time. The investment community will ...
France becomes international customer of RTX's mobile air traffic control system
Prnewswire· 2024-06-17 21:00
Transportable systems to be delivered to the French Armée de Terre PARIS, June 17, 2024 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, announced today that the French Direction Générale de l'Armement (DGA) has selected the company's vehicle-mounted Air Traffic Navigation, Integration, and Coordination System (ATNAVICS) for the tactical control, approach and landing capabilities of the French Armée de Terre. With this order, France joins the U.S. Army, U.S. Marine Corps, and U.S. Air Force i ...
RTX Secures a Contract to Aid Silent Knight Radar Systems
ZACKS· 2024-06-14 20:45
RTX Corp. (RTX) recently secured a contract involving its Silent Knight radar systems. The award has been provided by the U.S. Special Operations Command, MacDill Air Force, FL. Details of the Deal Valued at $33.7 million, the contract has a ceiling amount of $293 million and is projected to be completed by Jun 14, 2030. Per the terms of the deal, RTX will provide sustainment, support, research, development and supplemental objectives related to the Silent Knight radar systems. By offering these aids, RTX w ...
RTX Wins Contract to Support Rolling Airframe Missile Program
ZACKS· 2024-06-13 21:02
RTX Corp. (RTX) recently clinched a modification contract involving the supply of spare parts for its Rolling Airframe Missile (RAM). The award has been provided by the Naval Sea Systems Command, Washington, D.C. Details of the Deal Valued at $33.8 million, the contract is expected to be completed by February 2027. Per the terms of the deal, RTX is going to provide Mod 5 Guided Missile Launching System (GMLS) requirements and spares for its RAM program. A major portion of the work related to this deal will ...
RTX's Raytheon to design Landsat Next space instruments
Prnewswire· 2024-06-13 20:00
New sensors to improve frequency and quality of imagery EL SEGUNDO, Calif., June 13, 2024 /PRNewswire/ -- 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. The instrument suite will perform Earth observation from three identical observatories from Low-Earth orbit. Through multispectral imaging technology, LandI ...
RTX's Blue Canyon Technologies selected by NASA to provide multiple spacecraft buses for PolSIR mission
Prnewswire· 2024-06-12 22:00
LAFAYETTE, Colo., June 12, 2024 /PRNewswire/ -- 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. Blue Canyon Technologies will design and manufacture the bus plat ...
RTX (RTX) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2024-06-11 07:06
RTX (RTX) ended the recent trading session at $107.09, demonstrating a -0.94% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.26%. Elsewhere, the Dow saw an upswing of 0.18%, while the tech-heavy Nasdaq appreciated by 0.35%. Heading into today, shares of the an aerospace and defense company had gained 1.68% over the past month, lagging the Aerospace sector's gain of 1.95% and the S&P 500's gain of 3.25% in that time. Analysts and investors alike will be keeping a ...
RTX awarded $677 million US Navy contract for SPY-6 family of radars
Prnewswire· 2024-06-10 20:00
Production, progress continues for U.S. Navy's new radar ANDOVER, Mass., June 10, 2024 /PRNewswire/ -- 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. Under this contract, the U.S. Navy will receive seven additional radars, increasing the total amount of radars under contra ...
RTX Secures a Contract to Support Standard Missile Program
ZACKS· 2024-06-07 22:05
RTX Corp. (RTX) recently clinched a modification contract involving its Standard Missile program. The award has been offered by the Naval Sea Systems Command, Washington, D.C. Details of the Deal Valued at $27 million, the contract is expected to be completed by September 2025. The latest modification enables RTX to exercise options to provide depot as well as intermediate-level repair and maintenance support for Standard Missile (“SM”). A major portion of the work associated with this contract will be carr ...
RTX provides Blue Canyon Satellites for NASA Polar climate mission
Prnewswire· 2024-06-06 22:00
Twin CubeSats will improve Earth climate modeling LAFAYETTE, Colo., June 6, 2024 /PRNewswire/ -- 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. Blue Canyon Technologies has successfully made contact with NASA's twin ...