Raytheon Technologies Corporation
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Collins' Pro Line 21™ avionics provides advanced functionality, usability
CEDAR RAPIDS, Iowa, Feb. 5, 2025 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, has announced upcoming functionality upgrades to Collins' Pro Line 21™ integrated avionics systems installed on in-service Cessna Citation business jets. Cessna Citation business jets are designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company.
Available beginning in the second half of 2025, the Pro Line 21 avionics enhancements are applicable for in-service Cessna Citation CJ1+, CJ2+, CJ3, CJ4 and XLS+ fleets, with upgrades spanning advanced communications abilities, improved weather data, enhanced flight deck connectivity and more.
ARLINGTON, Va., Feb. 5, 2025 /PRNewswire/ -- RTX (NYSE: RTX) President and CEO Chris Calio will speak at the Barclays Industrial Select Conference on Wednesday, Feb. 19 at 8:40 a.m. Eastern Time. The presentation will be broadcast live at www.rtx.com and will be archived on the website afterward.
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 integrated defense systems for operational success, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2024 sales of more than $80 billion, is headquartered in Arlington, Virginia.
Gregory J. Hayes to Serve as Special Advisor
ARLINGTON, Va., Feb. 3, 2025 /PRNewswire/ -- The RTX Corporation (NYSE: RTX) Board of Directors has elected President and Chief Executive Officer Christopher T. Calio as Chairman of the Board, effective April 30, 2025.
This action follows notice to the Board by Gregory J. Hayes, RTX Executive Chairman, of his decision to step down as Executive Chairman and as a member of the Board prior to the company's 2025 annual meeting.
Mr. Hayes has served as Executive Chairman of the Board since May 2024. Prior to that, he served as President and CEO of RTX, following the 2020 merger of Raytheon Company and United Technologies, where he was Chairman and CEO.
RTX exceeds 2024 sales and EPS expectations*; Expects continued sales, earnings, and cash flow growth in 2025
ARLINGTON, Va., Jan. 28, 2025 /PRNewswire/ -- RTX (NYSE: RTX) reports fourth quarter 2024 results and announces 2025 outlook.
Fourth quarter 2024
Sales of $21.6 billion, up 9 percent versus prior year, and up 11 percent organically* excluding divestituresGAAP EPS was $1.10 and included $0.30 of acquisition accounting adjustments and $0.14 of restructuring and other net significant and/or non-recurring chargesAdjusted EPS* of $1.54, up 19 percent versus prior yearOperating cash flow of $1.6 billion; free cash flow* of $0.5 billionCompany backlog of $218 billion; including $125 billion of commercial and $93 billion of defenseReturned $852 million of capital to shareownersReplacement equipment will backfill fire unit sent to Ukraine
ANDOVER, Mass., Jan. 16, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $529 million contract to supply the Netherlands with a Patriot® air and missile defense system fire unit and related equipment. This contract supports the replenishment of a Patriot fire unit donated to Ukraine.
The direct commercial sales contract includes a single fire unit consisting of a radar, launchers, command and control stations, and other support equipment.
Missile supports anti-air, anti-surface warfare and sea-based terminal ballistic missile defense in one solution
TUCSON, Ariz., Jan. 13, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $333 million contract from the U.S. Navy to produce Standard Missile-6 (SM-6) Block IA missiles.
"SM-6 has a proven performance, and this contract is an important step for providing this urgently needed weapon to our armed forces," said Barbara Borgonovi, president of Naval Power at Raytheon. "Raytheon continues to work closely with our customers to ensure our military has an unfair advantage at sea and to keep our adversaries guessing."
ARLINGTON, Va., Jan. 7, 2025 /PRNewswire/ -- RTX (NYSE: RTX) will issue its fourth quarter and full year 2024 earnings results on Tuesday, January 28, prior to the stock market opening. A conference call will take place at 8:30 a.m. ET to discuss the results and the Company's outlook for 2025.
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.
Contract marks the third Patriot order for Romania
ANDOVER, Mass., Jan. 3, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $946 million contract to supply Romania with additional Patriot® air and missile defense systems.
The contract includes fire units consisting of radars, control stations and missiles.
"Raytheon is committed to providing Romania with advanced integrated air and missile defense capabilities to protect its citizens and critical infrastructure," said Pete Bata, senior vice president of Global Patriot at Raytheon. "Romania's continued investment in Patriot is a testament to the nation's dedication to ensuring collective security, deterrence, and stability across Europe."
Key milestone for the rapid development of affordable, long-range precision munitions
TUCSON, Ariz., Dec. 18, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, and Ursa Major announced its advanced long-range solid rocket motor completed a successful missile flight test for the U.S. Army. The companies' combined experience and expertise in digital engineering was a critical factor in accelerating the design and development of this transformational capability.
"These long-range solid rocket motors will allow the U.S. Army and allies to strike farther and faster than anything our adversaries have in their arsenals," said Tom Laliberty, president of Land and Air Defense Systems at Raytheon. "This long-range rocket motor technology fills the essential role of providing affordable precision fires, while increasing range, safety, and magazine depth."
Cutting edge avionics upgrades enhance aircraft operability, safety and efficiency
CEDAR RAPIDS, Iowa, Dec. 16, 2024 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, has announced a comprehensive avionics upgrade and modernization program for Beechcraft King Air and Hawker aircraft, spanning Collins' Pro Line Fusion® and Pro Line 21™ advanced avionics systems.
The modernization program advances aircraft performance and safety while also equipping cockpits with technologies that reduce pilot workload, enhance situational awareness and enable efficiency and capacity improvements. The program includes:
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