RTX delivers solid operational performance and 8% sales growth; Increases 2024 outlook for adjusted sales* and adjusted EPS*, revises free cash flow*

ARLINGTON, Va., July 25, 2024 /PRNewswire/ -- RTX (NYSE: RTX) reported second quarter 2024 results.

Second quarter 2024

More than 11,000 GTF orders and commitments program to date

LONDON, July 24, 2024 /PRNewswire/ -- Farnborough Air Show – Pratt & Whitney, an RTX (NYSE: RTX) business, announced more than 950 GTF engine orders and commitments since the beginning of 2024. Airlines and lessors that have announced orders include Avolon, Breeze Airways, Cebu Pacific, Icelandair, JetSMART, Mexicana, SKY Airline, SMBC, and Vietjet. In total, more than 11,000 GTF engine orders and commitments have been placed by more than 90 customers worldwide.

National airline of Papua New Guinea is a first-time GTF customer

LONDON, July 24, 2024 /PRNewswire/ -- Farnborough Air Show -- Pratt & Whitney, an RTX (NYSE: RTX) business, and Air Niugini have finalized engine and aftermarket agreements for the GTF engines that will power the airline's fleet of 11 Airbus A220 aircraft. Pratt & Whitney will provide a full suite of support services with a 12-year EngineWise® Comprehensive agreement. With this order, Air Niugini becomes a first-time GTF customer.

LONDON, July 24, 2024 /PRNewswire/ -- Farnborough Air Show  — Collins Aerospace, an RTX (NYSE: RTX) business, today announced the relocation of its Singapore manufacturing facility to a new, state-of-the-art site in Seletar Aerospace Park, Singapore. This move represents a significant investment of $250 million and will bolster the company's capabilities and commitment to innovation and excellence in the aerospace industry.

Scheduled to begin construction in the fourth quarter of 2025, the new facility is expected to be completed by 2027. This strategic relocation will enable Collins to transfer its operations from the current Bedok site to the new Seletar Aerospace Park location, approximately 15 miles (24 kilometers) away. Production is anticipated to commence in 2028, with dual production capability maintained at the Bedok facility over a multi-year transition plan.

Freebird Airlines gains a connected ecosystem through real-time data insights

LONDON, July 24, 2024 /PRNewswire/ -- Farnborough Air Show – Freebird Airlines has selected Collins Aerospace, an RTX business (NYSE: RTX) to add a comprehensive suite of digital solutions enabling the airline to make proactive decisions to improve operations across its A320 fleet of aircraft.

Freebird Airlines will implement Ascentia®, a cloud-based data management and analytics platform designed to provide a holistic view of aircraft maintenance. Freebird Airlines will use the solution to analyze maintenance data that will enable the air service to predict and reduce aircraft on the ground events, lowering maintenance costs and improving the passenger experience.

Raytheon signs contract with AVIO for the development of solid rocket motor solutions to meet USG and Allied Demand.

LONDON, July 23, 2024 /PRNewswire/ -- Farnborough Air Show -- Raytheon, an RTX (NYSE: RTX) business, signed a contract with Avio (AVIO.MI), leaders in propulsion technology, to initiate and progress the development of critical solid rocket motors for defense applications. The contract furthers the systems engineering work required to mature these solid rocket motors into a production-ready state.

SKY becomes first-time Pratt & Whitney customer 

LONDON, July 23, 2024 /PRNewswire/ -- Farnborough Air Show – Pratt & Whitney, an RTX (NYSE: RTX) business, announced today that Chilean-based SKY Airline has entered into a memorandum of understanding to select the GTF engine to power 10 firm Airbus A321XLR aircraft, with options for 29 Airbus A320neo and A321neo aircraft. With this selection, SKY Airline becomes a first-time Pratt & Whitney customer.

"This selection is a testament to SKY Airline's confidence in the GTF engine over the long term," said Rick Deurloo, president of Commercial Engines at Pratt & Whitney. "These engines and aircraft will enable SKY to continue its route expansion while delivering industry-leading fuel efficiency and low CO2 emissions."

F100s rolling off production line bolster ally's military readiness

LONDON, July 23, 2024 /PRNewswire/ -- Farnborough Air Show -- Pratt & Whitney, an RTX (NYSE: RTX) business, has announced the delivery of an F100 engine to Poland. This delivery supports Poland's ongoing efforts to strengthen the readiness of its F-16 fleet, which is powered exclusively by Pratt & Whitney engines.

"This is the first of several engines we'll deliver to our Polish ally this year to ensure they have the propulsion power they need to address current and future threats," said Josh Goodman, senior director of the F100 Program at Pratt & Whitney. "The Pratt & Whitney F100 is the mainstay powerplant for 23 global air forces, and we are seeing increased demand for our latest generation F100 engine."

Agreement is aircraft lessor's first direct GTF engine order

LONDON, July 23, 2024 /PRNewswire/ -- Farnborough Air Show - Pratt & Whitney, an RTX (NYSE: RTX) business, announced today that Avolon has selected GTF engines to power 80 Airbus A320neo family aircraft. The order means Avolon will have 158 GTF-powered aircraft in its delivered and committed fleet, with options for engines to power 80 additional aircraft.

This order represents one of Pratt & Whitney's largest transactions with a lessor for its GTF engines.

RTX tests StormBreaker across four separate platforms, with three services, for 28 total flight tests in 2023 

LONDON, July 23, 2024 /PRNewswire/ -- Farnborough Air Show — Raytheon, an RTX (NYSE: RTX) business announced 28 tests of its StormBreaker® smart weapon in 2023, including a 100 percent success rate on 14 of 14 planned jettisons from the F-35C. The additional 14 tests throughout the year included employment from the F/A-18E/F, F-15E, and F-35B across the U.S. Navy, Marines, and Air Force.

Largest aircraft order in Philippine aviation history 

LONDON, July 22, 2024 /PRNewswire/ -- Farnborough Air Show – Cebu Pacific (CEB), Airbus, and Pratt & Whitney, held an official ceremony to commemorate a memorandum of understanding (MOU) signed for CEB's purchase of up to 152 A321neo aircraft for estimated USD $24 billion (PHP 1.4 trillion) based on list prices, the largest aircraft order in Philippine aviation history. Pratt & Whitney is an RTX (NYSE: RTX) business.

The binding MOU covers firm orders for up to 102 A321neo, plus 50 A320neo family purchase rights. CEB has selected Pratt & Whitney GTF™ engines to power the future aircraft.

Major milestone speeds up UK's adoption of laser technology

LONDON, July 22, 2024 /PRNewswire/ -- Raytheon UK, Defence Science and Technology Laboratory (Dstl) and Defence Equipment and Support (DE&S) have successfully tested Raytheon's High-Energy Laser Weapon System (HELWS) integrated onto a British Army combat vehicle, the first test of its kind in the UK.

This ground-breaking test, conducted at Dstl's range in Porton Down, saw the laser weapon fired at full power whilst integrated onto a British Army Wolfhound armoured vehicle. The lightweight, portable HELWS is the first laser weapon integrated on a land vehicle to be fired in the UK. 

One of the largest GTF engine lessors now owns, manages, and has firm commitments for 142 GTF-powered aircraft

LONDON, July 22, 2024 /PRNewswire/ -- Farnborough Air Show  — Pratt & Whitney, an RTX (NYSE: RTX) business, today announced SMBC Aviation Capital, one of the largest lessors for GTF- powered A320neo family aircraft, has exercised options for 22 firm orders. This is supplemental to a 2021 order for 20 additional firm aircraft, bringing the lessor's additional commitment to 42 firm A320neo family aircraft equipped with GTF engines.

Hybrid-electric propulsion technology has potential to increase efficiency and reduce emissions for future aircraft applications

LONDON, July 22, 2024 /PRNewswire/ -- Farnborough Air Show — RTX (NYSE: RTX) today announced the completion of the preliminary design review for the hybrid-electric propulsion demonstrator engine being developed as part of the SWITCH project, supported by the European Union's Clean Aviation Joint Undertaking (Clean Aviation). By combining two Collins Aerospace megawatt-class electric motor generators within a Pratt & Whitney GTF™ engine, the hybrid-electric propulsion system aims to enhance engine efficiency across all phases of flight, offering the potential to reduce fuel burn and emissions for future short- and medium-range aircraft.

LONDON, July 22, 2024 /PRNewswire/ -- Farnborough Air Show – RTX (NYSE: RTX) today announced it has completed a significant milestone in the development of its hybrid-electric STEP-Tech (Scalable Turboelectric Powertrain Technology) demonstrator. The company has successfully validated sustained operation of the thermal engine, electrical generator, battery system and propulsors to demonstrate energy transfer between these components through the high-voltage electrical network.

As a modular demonstrator program, STEP-Tech is intended for prototyping future distributed propulsion concepts in the 100-500kW class, with capability to scale to 1MW and beyond. These concepts could have application for a range of next-generation platforms, including advanced air mobility vehicles, high-speed electric Vertical Take-Off and Landing aircraft and blended wing body aircraft.

Project aims to demonstrate a fuel efficiency improvement of up to 30% compared to a conventional H145

LONDON, July 22, 2024 /PRNewswire/ -- Farnborough Air Show – Pratt & Whitney Canada and Collins Aerospace, businesses of RTX (NYSE: RTX), have been selected by Airbus Helicopters to support the development of a hybrid-electric propulsion system for its PioneerLab technology demonstrator. Based on a twin-engine H145 helicopter, PioneerLab aims to demonstrate the potential of hybrid-electric propulsion as well as aerodynamic improvements to enable up to 30% improved fuel efficiency and reduced CO2 emissions compared to a conventionally powered aircraft.

Program aims to develop new high-voltage distribution technologies for future hybrid-electric aircraft

LONDON, July 22, 2024 /PRNewswire/ -- Farnborough Air Show — Collins Aerospace, an RTX (NYSE: RTX) business, today announced the European Union's Clean Aviation HECATE project has achieved Preliminary Design Review (PDR). The HECATE consortium is comprised of multiple European aerospace industry partners, including Collins, Safran, Airbus Defence and Space, Leonardo and several universities. Collins, through its Applied Research & Technology organization and Power & Controls business, leads the project's steering committee, while Safran serves as technical coordinator.

Swiss shop becomes the 17th active facility in growing GTF MRO network

EAST HARTFORD, Conn., July 19, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, and SR Technics announced today the induction of the first Pratt & Whitney GTF™ engine at the MRO service provider's Zurich-based facility. SR Technics will provide full disassembly, assembly and test capability for the PW1100G-JM engine for the Airbus A320neo aircraft family.

"Today, we extend our relationship with SR Technics, which began 35 years ago with maintenance on the PW4000 engine," said Marc Meredith, vice president of commercial aftermarket for GTF engines at Pratt & Whitney. "With their top-tier performance history, SR Technics will continue to deliver industry-leading services providing vital support for the expanding GTF fleet."

Army and Navy programs combine to defeat complex threat

PEARL HARBOR, Hawaii, July 18, 2024 /PRNewswire/ -- At Valiant Shield 24, Raytheon, an RTX business, demonstrated a simulated complex missile engagement leveraging the U.S. Army's Lower Tier Air and Missile Defense Sensor, or LTAMDS, and Integrated Air and Missile Defense Battle Command System, IBCS, launching the U.S. Navy's premier, long-range effector, Standard Missile-6 (SM-6).

Using track data from Army LTAMDS simulators and operational SM-6 engagement control software interfaced with IBCS, the test demonstrated the successful integration of these existing, respective Army and Navy program capabilities. This proves the feasibility of SM-6 as an additional effector within the Army IAMD architecture including IBCS and LTAMDS. The experiment, which used a combination of physical systems' hardware and simulation, demonstrated the effective detection and identification of an in-coming threat, target and track data transfer, launch command, and the successful guide to missile intercept.

ARLINGTON, Va., July 17, 2024 /PRNewswire/ -- RTX (NYSE: RTX) today announced Troy Brunk has been appointed president of Collins Aerospace and will report to RTX president and chief executive officer Christopher Calio. Brunk, a 30-year aerospace and defense veteran, succeeds Stephen Timm who has decided to retire.

"Having led three of the six strategic business units at Collins Aerospace, Troy has a deep understanding of the portfolio and its customers," said Calio. "Troy's decades of industry experience and leadership make him the right person to lead Collins into its next phase of growth."