RTX delivers strong operational and financial performance in Q1
ARLINGTON, Va., April 22, 2025 /PRNewswire/ -- RTX (NYSE: RTX) reports first quarter 2025 results.
First quarter 2025
Sales of $20.3 billion, up 5 percent versus prior year, and up 8 percent organically* excluding divestituresGAAP EPS of $1.14, including $0.27 of acquisition accounting adjustments and $0.06 of restructuring and other net significant and/or non-recurring itemsAdjusted EPS* of $1.47, up 10 percent versus prior yearOperating cash flow of $1.3 billion; free cash flow* of $0.8 billionCompany backlog of $217 billion, including $125 billion of commercial and $92 billion of defenseReturned $0.9 billion of capital to shareownersIntegration of military and commercial sensor data delivered real-time, secure situational awareness, enabling faster decision-making and improved operational effectiveness
CAMP PENDLETON, Calif., April 21, 2025 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, successfully demonstrated new technology that helps the military gather and use information from a wider range of sources at Project Convergence Capstone 5, a large-scale military exercise. By integrating data from multiple sources into one place, Collins delivered real-time situational awareness to Marines during the exercise. Collins has been working with the Marine Corps Warfighting Lab (MCWL) on a multi-year plan to develop and test these advanced capabilities in exercises with active military units.
LTAMDS transitions from prototype to production
ANDOVER, Mass., April 21, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, is transitioning to production of its Lower Tier Air and Missile Defense Sensor, or LTAMDS, after completing the U.S. Army's rigorous flight test program and achieving the Department of Defense's Major Capability Acquisition Milestone C designation.
LTAMDS has completed eight successful flight tests of increasing complexity to stress the radar and prove its capabilities against real-world threats. This led the Army to validate that the radar has reached Milestone C, initiating the production and deployment phase of the program. LTAMDS is now officially designated a program of record by the U.S. Army and ready to support both its U.S. homeland defense and expeditionary missions.
Milestone is a testament to the engine's reliability and performance
EAST HARTFORD, Conn., April 9, 2025 /PRNewswire/ -- IAE International Aero Engines AG (IAE) today announced that the V2500® engine has surpassed 300 million engine flight hours of operational experience. IAE is a multinational consortium comprised of Pratt & Whitney, an RTX (NYSE: RTX) business, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines AG.
Powering approximately 2,800 aircraft and serving more than 150 operators, the V2500 engine operates passenger, cargo, and military missions around the world. The engine currently powers the Airbus A320ceo family, including A321F passenger-to-cargo conversions, as well as the Embraer C-390 Millennium multi-mission military transport aircraft.
New solution provides critical, actionable data to enable proactive management of Republic's fleet of Embraer E-Jets
ATLANTA, April 9, 2025 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, announced Republic Airways as the first airline to implement Ascentia® Repeaters, the latest application as part of the Ascentia predictive health maintenance (PHM) platform with nearly 1,300 tails utilizing the solution today. Signed during a ceremony at MRO Americas, the five-year agreement deploys the Repeaters application across Republic's fleet of more than 200 Embraer E-Jet 170 and 175 aircraft.
Collins has now won 15 Crystal Cabin Awards in the program's 19-year history
HAMBURG, Germany, April 9, 2025 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, has been named a winner of a 2025 Crystal Cabin Award for its galley.ai system. The Crystal Cabin Award is presented annually in Hamburg, Germany during the Aircraft Interiors Expo, the world's biggest trade show for the aircraft cabin.
Placing first in the Cabin Technologies category, Collins' Galley.ai system integrates advanced artificial intelligence and sensor technology into galley structures, providing insights to help improve everything from onboard service, communication with passengers and maintenance.
Common-use ARINC cMUSE™ solution delivers flexibility, scalability and efficiency to more than 80 airlines at London Heathrow
MADRID, April 9, 2025 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, announced a six-year renewal agreement with Heathrow Airline Operators' Committee (AOC) to continue offering its ARINC cMUSE (multi-user system environment) solution to all four London-Heathrow Airport (LHR) passenger terminals – ensuring streamlined airport operations, flexible passenger processing and quicker passenger check-ins for an improved travel experience.
Collins' range of data analytics expertise and componentry provides critical insight to systems spanning the entire aircraft
ATLANTA, April 8, 2025 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, will advance predictive health monitoring solutions for airlines as part of the Digital Alliance for Aviation, an Airbus-led initiative powered by the Skywise platform.
Focused on advancing aviation through collaboration, data transparency and digital transformation, the Digital Alliance will benefit from Collins' proven track record of deploying predictive maintenance analytics for Airbus and non-Airbus platforms and systems to optimize operations. Collins is able to gather data from a number of aircraft systems, including hydraulics, air management, pneumatic, anti-ice, electric power, landing and navigation solutions owned by Collins.
Integrated, end-to-end airport solution enables a seamless travel experience
MADRID, April 8, 2025 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, has unveiled enhancements to its SelfServ™ platform, an integrated Common Use Self Service (CUSS) solution designed to streamline both the passenger travel experience and airport operations.
Integrating both check-in and bag drop, SelfServ empowers passengers to manage their own journey through Collins' new user-friendly kiosks. When combined with the SelfPass™ biometric identity solution, passengers can enroll their biometrics at the kiosk to enable secure and seamless processing at each touchpoint, from check-in and bag drop to security and boarding.
GTF capacity to increase to 450 shop visits annually
EAST HARTFORD, Conn., April 8, 2025 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, and Delta Air Lines ("Delta") today announced an agreement to expand GTF overhaul capacity at Delta TechOps' Atlanta facility over the next decade. Under the agreement, the facility's annual capacity will increase by more than 30 percent with the ability to overhaul up to 450 engines per year, making it one of the largest member facilities in the Pratt & Whitney GTF™ MRO network.
New technology developed at company's North American Technology Accelerator in Jupiter, Florida
EAST HARTFORD, Conn., April 8, 2025 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, has developed a new additive manufacturing repair for critical GTF engine components that will reduce process time by more than 60 percent. The company is currently working to industrialize the repair, which will then be scaled and applied throughout the global GTF MRO network. Pratt & Whitney expects to recover $100 million worth of parts over the next five years through the implementation of additive repairs throughout its MRO process.
MTU's annual capacity to increase to 600 shop visits
EAST HARTFORD, Conn., April 8, 2025 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, and MTU Aero Engines ("MTU") today announced an agreement to expand GTF overhaul capacity across all of MTU's facilities in support of growing demand for GTF MRO services. Under the agreement, MTU's annual capacity will increase up to 600 shop visits across all GTF models, making it one of the largest service providers in the Pratt & Whitney GTF™ MRO network.
Imaginative approach refreshes cabins, reduces waste and maximizes customer investment
HAMBURG, Germany, April 8, 2025 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, is demonstrating innovative aftermarket seating concepts that provide modern, upgraded solutions for airline customers flying Collins' Pinnacle main cabin seats.
The concept provides three distinct pathways to transform existing in-service seats into like-new solutions for aging cabin interiors, expediting speed to market, extending product service life and maximizing operator investment.
Improvements provide dignified travel solution for electric wheelchair users
HAMBURG, Germany, April 8, 2025 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, is showcasing design, functionality and passenger experience refinements to its Prime wheelchair seating solution at Aircraft Interiors Expo (AIX) in Hamburg, Germany this week.
Incorporating direct feedback from passengers with reduced mobility (PRM), airlines and technical advisors, the enhanced Prime solution utilizes a custom transformable monument to provide modern passenger amenities when PRM usage is required or a flexible crew service station when not.
Awards expand supplier base to better meet growing customer demand
TUCSON, Ariz., April 7, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has awarded contracts to Nammo and Northrop Grumman for initial phase work on MK72 solid rocket motor development.
"These contracts are an important step toward increasing capacity and source options to meet global demand for critical defense systems, such as Standard Missile," said Barbara Borgonovi, president of Naval Power at Raytheon. "In addition to dual sourcing, we're doubling down with support and oversight of our supply base and making strategic investments to address constraints and reduce risk so we can deliver more capabilities, faster."
ARLINGTON, Va., April 1, 2025 /PRNewswire/ -- RTX (NYSE: RTX) will issue its first quarter 2025 earnings results on Tuesday, April 22, prior to the stock market opening. A conference call will take place at 8:30 a.m. ET to discuss the results.
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.
About RTX RTX 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.
New variant designed for "launched-effects" programs builds off Coyote's battlefield success
TUCSON, Ariz., March 26, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, fired a new version of the company's combat-proven Coyote® family of products from a helicopter during a recent test at Nine Mile Training Center, giving military forces a new capability to detect, identify, locate and defeat threats on the battlefield.
The new variant, Coyote LE SR, is part of a line of unmanned aerial systems called launched effects, which are fired from the air, ground, or sea and can perform a variety of missions. Previous variants have been used with significant success in combat as a counter-drone system; Coyote has successfully intercepted hundreds of drones. This new variant can perform reconnaissance, surveillance and target acquisition; electronic warfare; precision strike; and communications.
Live fire featured DeepStrike launcher at Project Convergence
FORT IRWIN, Calif., March 25, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, announced its DeepStrike™ autonomous mobile launcher vehicle, which does not require a driver, successfully completed a live fire demonstration at the U.S. Army's Project Convergence.
Raytheon led the effort producing the precision missile and launcher, Forterra supplied the self-driving technology, Oshkosh Defense provided the vehicle platform and electronic systems, and Ursa Major manufactured the missile's rocket motor.
Partnership-based capability bridges the gap between data and decision-making
ARLINGTON, Va., March 24, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been awarded a follow-on contract from the U.S. Army Futures Command, Futures and Concepts Center to continue to utilize its Rapid Campaign Analysis and Demonstration Environment, or RCADE, modeling and simulation capability.
During the initial contract, Raytheon developed large-scale theater scenarios to assess concepts of operations in a multi-domain conflict. In this follow-on effort, Raytheon will establish a continuous experimentation environment with RCADE to enable the U.S. Army's concept developers and Battle Labs to inform strategic force design decisions.
Standalone solution provides a comprehensive in-flight entertainment alternative to a full cabin management system
PHOENIX, March 19, 2025 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, is preparing the first shipments of its Airshow™ HD entertainment system integrated into Venue™ smart monitors, providing an all-in-one, standalone in-flight entertainment (IFE) solution for business aviation.
For the first time, business jet customers flying everything from light jets to super midsize and heavy aircraft will have access to Collins' Airshow HD interactive moving maps, streaming entertainment and brilliant 4K resolutions in a singular hardware solution, without needing to upgrade to a full Venue cabin management system.
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