Latest news with #RTXCorp
Mint
3 days ago
- Business
- Mint
UK Looking to Join Trump Plan to Purchase US Weapons for Ukraine
The UK is looking to participate in European purchases of US military equipment for Ukraine, as allies seize on Donald Trump's more hostile stance toward Russia even if it means financing the weapons themselves. Defense Secretary John Healey and his German counterpart, Boris Pistorius, will discuss what role the UK will play in the purchase program during a virtual meeting of the Ukraine Defense Contact Group on Monday. The UK's contribution could see it jointly purchasing Patriot air-defense systems with Germany, or separately buying other weapons and munitions from the US for Ukraine, with both options under consideration, according to people familiar with the plans. Trump this week agreed to supply more materiel to the government in Kyiv, including Patriots, other air-defense systems and munitions, provided they were funded by NATO allies. Germany is planning to finance the purchase of two Patriot batteries for Ukraine from the US, with the details of the deal to be negotiated in the coming weeks, Chancellor Friedrich Merz said Thursday. Other European allies are yet to make such commitments. Depending on the configuration, each of the Patriot systems — which are manufactured by RTX Corp. — cost about $1 billion, and the system's missiles about $4 million each. Trump has also threatened to impose 100% 'secondary tariffs' on Russia if Vladimir Putin doesn't agree to a ceasefire within 50 days. Talks between the UK, Germany and the US remain at an early stage but British ministers have decided they want to join Germany in participating in Trump's proposal. Separately, Germany wants to buy the mid-range Typhon missile system from the US for its own stocks. 'The UK backs the scheme, and we plan to play our full part,' Healey told the House of Commons on Thursday. The UK and Germany have agreed to partner in providing critical air-defense missiles to Ukraine, he said. The Trump-NATO plan will be developed during Monday's meeting — being co-chaired by the UK and Germany — with US Defense Secretary Pete Hegseth and NATO Secretary General Mark Rutte also due to take part. The aim is to determine which European NATO members are willing to provide more money to purchase Patriots from the US, as well as which countries can spare more Patriots for Ukraine from their own stocks before Russia's next wave of air attacks on its civilian energy infrastructure, said the people, who asked not to be identified discussing confidential information. In addition to the delivery of additional equipment, the UK and France agreed last week to establish a military command and control structure for a post-peace force in Ukraine, if a peace deal is eventually agreed. The command headquarters will be based in Paris for 12 months, before rotating to London. If and when the force is deployed, it will be co-ordinated by another HQ in Kyiv, headed by a UK military officer. The goal is to regenerate Ukraine's land, air and naval forces by providing logistics, armament and training experts as well as aircraft and additional specialist teams in the Black Sea. With assistance from Arne Delfs and Gerry Doyle. This article was generated from an automated news agency feed without modifications to text.
Bloomberg
7 days ago
- Business
- Bloomberg
RTX Delivers GPS Ground Control Network to Space Force After Years of Delay
The Space Force has accepted delivery of RTX Corp.'s $7.6-billion ground control network for the military's constellation of GPS satellites following years of delay and massive cost overruns. The Next Generation Operational Control System, known as OCX, was delivered on July 1, according to a statement. If final checkouts are successful, it will begin operations later this year, about nine years later than planned.
Reuters
30-06-2025
- Business
- Reuters
TransDigm to acquire Simmonds Precision Products for about $765 million
June 30 (Reuters) - TransDigm Group (TDG.N), opens new tab said on Monday it will acquire Simmonds Precision Products from RTX Corp (RTX.N), opens new tab for about $765 million in cash.
Bloomberg
23-06-2025
- Business
- Bloomberg
Stock Movers: Exxon, RTX, Fiserv
On this episode of Stock Movers: - ExxonMobil (XOM) is moving to the upside this morning amid rising oil prices from the latest developments in the Israel-Iran conflict. The conflict has raised concerns about oil prices and inflation, with oil rising by nearly 6% and US stock futures declining, and has also led to warnings about the risk to global energy supplies and the closure of the Strait of Hormuz. - RTX Corp. (RTX) is higher this morning along with other defense stocks due to rising geopolitical risk in the Middle East. Iran vowed retaliation and continued attacks on Israel following US strikes on its nuclear facilities, fueling fears of a wider war in the Middle East and rattling global markets. - Lockheed Martin (LMT) is also riding high this morning following RTX and other defense stocks. The US operation over the weekend targeted nuclear sites at Fordow, Natanz, and Isfahan, and included 125 aircraft, strikes by Tomahawk missiles, and the use of 14 Massive Ordnance Penetrator bombs. - Fiserv Inc. (FI) is also in the green this morning after the Wall Street Journal reported the financial-technology company's plans to launch a stablecoin and platform for its clients. The new platform is slated to be compatible with other stablecoins and enable connection with the other 10,000 financial institutions and millions of merchant locations, according to the Journal.
Bloomberg
13-06-2025
- Business
- Bloomberg
Stock Movers: Oil, RTX, Adobe
On this episode of Stock Movers: - Exxon (XOM) shares are higher this morning as Israel strikes Iran. Oil prices surged double digits after Israel carried out strikes against Iran, raising fears of a wider war in the region. The Strait of Hormuz, a critical oil chokepoint, is a key concern, with the potential for Tehran to retaliate and block the strait, and OPEC+ spare capacity potentially being challenged in such a scenario. - RTX Corp. (RTX) is higher this morning along with other defense stocks on the S&P as geopolitical tensions rise over Israel's strikes on Iran. It launched airstrikes against Iran's nuclear program and ballistic-missile sites renewed a standoff between two adversaries that risks spiraling into a wider conflict. While the reaction was strongest in crude oil, other pockets of the market suggested that investors are watching how long the tensions will last and whether the situation escalates. - Newmont Corp. (NEM) shares are higher this morning as gold's risk premium is lifted by Israel's attack on Iran. According to Bloomberg Intelligence, Israel's attack on Iran could trigger a further jump in gold's risk premium above fair value of $100-$150 an ounce, pushing the metal beyond $3,600. Gold is expensive vs. almost every other financial yardstick and appears overvalued by $200-$700 an ounce vs. our three regression models, yet it's likely to remain a lead indicator. - Adobe (ADBE) shares are down in premarket trading on Friday, after the maker of software for creative-arts professionals reported second-quarter results that beat expectations. While it also raised its full-year forecast for some metrics, it affirmed its full-year growth forecast for annualized recurring revenue for its digital media business. Analysts said the results won't quiet concerns over Adobe's AI business or the impact of competition from other AI services.
