RTX Corporation has been in the news multiple times with a mixed bag of updates. The Raytheon segment conducted a successful test with the LTAMDS and PAC-2 GEM-T missile, and was awarded several high-value contracts, including a $946 million deal for additional Patriot air defense systems for Romania, $333 million for SM-6 Block IA production, and $590 million for the Next Generation Jammer Mid-Band. In addition, it inked a deal to support the Rolling Airframe Missile Program and unveiled its largest Military Engines facility in Oklahoma City.
However, the company's stocks have recorded noticeable volatility. Asset managers and investment groups, including Rhumbline Advisors and Louisiana State Employees Retirement System, sold many of their shares, while others increased their holdings. Despite the success stories, RTX faced challenges delivering the Navy's top missile interceptor as noted by the Pentagon Contract Agency. The corporation's recent earnings briefing surpassed expectations with a disclosed $218 billion backlog. Former CEO, Gregory Hayes, announced his decision to step down as chairman.
Rtx Corporation RTX News Analytics from Mon, 16 Sep 2024 07:00:00 GMT to Sat, 15 Feb 2025 17:28:03 GMT - Rating 0 - Innovation 5 - Information 6 - Rumor -2
