Company opens new engineering center of excellence in the UK and an aerostructures production line in FrancePARIS, June 9, 2025 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, expanded its aircraft electrification capabilities with the introduction of a new engineering center of excellence in Wolverhampton, UK, and a new electric thrust reverser actuation systems (elecTRAS™) production line in Colomiers, France. The Wolverhampton center focuses on developing next-generation electric thrust r ...

Production continues for U.S. Navy's most advanced maritime radarANDOVER, Mass., June 9, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $646 million contract to continue producing AN/SPY-6(V) radars for the U.S. Navy. This is the fourth 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 four additional radars, increasing the total amount of radars under c ...

Key Takeaways RTX won over $2B in new defense contracts, including its largest AIM-9X Block II missile order to date. Q1 sales rose 8% organically, fueled by strong commercial aftermarket gains at Pratt U.S.-based RTX Corp. (RTX) , a leading defense contractor known for its combat-proven technologies, including aircraft engines, missiles, radars, and sensors, continues to secure steady orders from the Pentagon and allied nations. Riding this momentum, the company recently landed several major contracts and ...

GREENWICH, Conn., June 06, 2025 (GLOBE NEWSWIRE) -- Leverage Shares by Themes, an issuer of innovative exchange-traded products, is excited to announce the launch of a first-to-market new single stock leveraged ETF, available for trading starting June 6, 2025. This product is designed to equip investors to amplify returns (up and down) and dynamically participate in the performance of a leading company. The new ETF is tailored to target a 200% exposure to the daily performance of its underlying stock, RTX C ...

Key Takeaways RTX's unit Raytheon secured a $1.10B deal for AIM-9X missile production and delivery by October 2028. The contract supports U.S. military branches and foreign buyers with missiles and related systems. AIM-9X Block II features enhanced safety and electronics, supporting its deployment on advanced fighter jets.RTX Corporation’s (RTX) business unit, Raytheon, recently won a modification contract to aid the AIM-9X missile program. The award has been offered by the Naval Air Systems Command, Patu ...

Raytheon advances NGSRI development with continued testingTUCSON, Ariz., June 5, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, and Northrop Grumman (NYSE: NOC) announced four successful tests of flight-ready Highly Loaded Grain (HLG) solid rocket motors for the U.S. Army's Next-Generation Short-Range Interceptor (NGSRI). HLG is a solid propellant technology for rocket motors that provides longer burn time and more energy output than conventional solid rocket motors, which extends the range of ...

Key Takeaways RTX secured a $536M Navy deal to upgrade SPY-6(V)4 radars on Flight IIA destroyers by May 2026. The SPY-6 radar defends against multiple threats with greater range, sensitivity and discrimination. SPY-6 will equip more than 60 Navy ships, highlighting strong demand for RTX's advanced radar systems.RTX Corporation’s (RTX) business segment, Raytheon, recently secured an order worth $536 million from the U.S. Navy to upgrade Flight IIA warships with its SPY-6(v)4 variant of radar.  Per the deal ...

Award represents largest production contract to date TUCSON, Ariz., June 4, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $1.1 billion contract from the U.S. Navy to produce AIM-9X Block II missiles. This is the largest contract awarded for the program and will increase production to 2,500 missiles per year. "This award represents a historic milestone for the AIM-9X program, further emphasizing its importance to the U.S. and partnered nations," said Barbara Borgonovi, president o ...

Key Takeaways RTX secured major new missile contracts, including AIM-9X and SM-3 orders in May and June. Raytheon unit posted 2% organic sales growth in Q1 2025 and 10% in Q4 2024. RTX shares rose 27.4% in a year and trade at a forward P/E of 21.86X versus the industry average of 26.51X.Defense contractor, RTX Corporation (RTX) is a prominent forerunner in the missile systems space, with a robust portfolio including the TOW missile, Guidance Enhanced Missile, Advanced Medium Range Air-to-Air Missile, Toma ...

Contract provides continued integration and test support for the U.S. Navy's most advanced maritime radarANDOVER, Mass., June 3, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been awarded a $536 million contract from the U.S. Navy for the SPY-6 family of radars. The contract is a follow-on to the previously awarded Integration and Production Support contract and includes upgrading Flight IIA destroyers with the SPY-6(V)4 variant.Under the sole source award, Raytheon will provide continued ...