RTX subsidiary Raytheon is to pay over $950 million to settle foreign bribery and export control fraud investigations. The fine includes charges concerned with deceiving the U.S. Department of Defense and making unlawful payments to Qatari officials. Despite this, RTX has secured a $736 million contract to produce AIM-9X missiles, indicating strong defense contract and backlog growth. Shares of RTX Corporation (RTX) have been purchased by Vontobel Holding Ltd, and there are suggestions that RTX could be a good potential stock before its Q3 earnings release. RTX's Raytheon has also been awarded Mentor Protégé agreements to develop operational AI and a $478 million Patriot GEM-T missile contract. It's been suggested that RTX Corporation is soaring in aerospace and defense growth but this hasn't been enough to dissuade bearish sentiment from some street analysts. The corporation has also agreed to solve a U.S. foreign bribery investigation and introduced the Helix next-gen main cabin seat. RTX CEO is open to shedding portions of the business while RTX's Pratt & Whitney has expanded India operations.
Rtx Corporation RTX News Analytics from Mon, 12 Feb 2024 08:00:00 GMT to Sat, 19 Oct 2024 07:59:07 GMT -
Rating -2
- Innovation 5
- Information 8
- Rumor 3
