Latest news with #Raytheon
Yahoo
a day ago
- Business
- Yahoo
RTX Corporation (RTX) Introduces New Variant of Multispectral Targeting System for Navy Helicopters
RTX Corporation (NYSE:RTX) is among the 10 Best Aerospace Stocks to Buy Now. On July 28, the company announced that its Raytheon business has launched MTS-A HD, a new variant of Multispectral Targeting System, offering significant visual enhancements for maritime helicopter operations. njaj/ This next-generation variant will deliver enhanced targeting precision, expanded operational flexibility, and improved imaging clarity for naval helicopter platforms. RTX Corporation (NYSE:RTX) said it is working with both commercial and industrial partners to accelerate production and reduce system costs of the new variant. MTS-A HD is a new addition to Raytheon's MTS family of sensors, which are already installed on more than 400 American Navy helicopters. The new variant is also attracting international interest from across the world. Bryan Rosselli, President of Advanced Products & Solutions at Raytheon, stated the following on the introduction of the new advanced targeting system: 'Navy helicopter pilots need the clearest possible view when flying in hostile areas. Our new high-definition sensor system provides aircrews with superior visual capability, allowing them to make faster and more informed decisions when it matters most.' RTX Corporation (NYSE:RTX) is a giant in the global aerospace and defense industry, providing systems and services to commercial, military, and government clients. The stock has gained 35% year-to-date, as of the close of business on July 28. While we acknowledge the potential of RTX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Best Global Stocks to Buy Right Now and 10 Best Small Cap Defense Stocks to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Rtx Corp (RTX) Secures $74M US Navy Contract
RTX Corporation (NYSE:RTX) is one of the best 52-week high stocks to buy now. On July 4, the company confirmed that its unit, Raytheon, has received a $74 million contract from the US Navy. The contract will cover the production of RAM-guided missile launching systems. A satellite in orbit, capturing the technological prowess of the aerospace & defense company. The contract will also cover the refurbishment of existing systems, as well as the upgrade of hardware and provision of spare parts. It is the most significant single order for US RAM launchers in over two decades, affirming a strong belief in RTX capabilities. The $74 million contract underlines a strong bilateral relationship between the US and Germany, with Raytheon being elected as the prime contractor. Work under the contract is to be performed in the US, with completion expected by 2028. Formerly Raytheon Technologies, RTX Corporation (NYSE:RTX) is a global aerospace and defense company. It develops and provides advanced technologies and systems for commercial, military, and government customers. While we acknowledge the potential of RTX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Biotech Stocks to Buy According to Billionaire Steve Cohen and 11 Growth Stocks That Could Double by 2027. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Hindustan Times
24-07-2025
- Business
- Hindustan Times
The West's Insatiable Demand for Missiles Is Boosting U.S. Weapons Makers
It's a good time to be in the missile-making business. A Lockheed Martin Thaad interceptor system was included in an event at the White House in 2019. Western companies that build missiles, including offensive rockets and defensive interceptors, say they are fielding a surge in new orders. Heavy demand for Patriot antimissile arrays, Thaad interceptors and Sidewinder missiles is keeping defense contractors from Lockheed Martin to RTX busy while some other business lines stumble. Lockheed Martin on Tuesday reported an 11% increase in second-quarter sales within its missiles and firing control division, which makes Patriot air-defense missiles and high-end Thaad interceptors. Revenue rose 8% at RTX's Raytheon unit, powered by higher sales of its Patriot equipment and of Nasams, another surface-to-air missile system. The U.S. Army asked Lockheed to quadruple production of its PAC-3 missiles for Patriot batteries. The company said it expects backlogged orders for its weaponry to hit a record later this year. The backlog at Raytheon swelled to $63.5 billion at the end of June, nudged higher by Navy contracts for new ship-fired SM-3 projectiles and AIM-9X Sidewinder missiles. 'The demand is very durable,' said RTX finance chief Neil Mitchill, citing continuing talks with European customers. 'That's why we're investing. These are very complicated products and many require a long lead time.' The U.S. has been hoarding missiles for several years to strengthen its position in the Pacific region against China. But protracted fighting in Ukraine and the Middle East have drawn down Western missile supplies, according to Wes Rumbaugh, a fellow at the missile defense project at the Center for Strategic and International Studies. A Nasams surface-to-air missile launcher sat on a production floor in Norway in 2023. 'A lot of the spike in the demand recently that has stressed the U.S. industrial base is the pop up of conflicts that they weren't expecting,' he said. 'They're sending a very strong short-term signal. The long-term question is whether or not those investments will translate into sustainable funding.' The missile boom offers a contrast with other areas of the U.S. defense-industrial complex that are struggling to get off the ground. Lockheed surprised investors Tuesday by booking $1.8 billion in write-downs from big-budget jet-fighter and helicopter programs. The biggest loss came from a contract in the company's secretive Skunk Works unit, which designs advanced aircraft and other weaponry. The same program booked a $555 million loss last year. Aircraft makers are wrestling with changing orders and costly research and development overruns. Shipbuilders are finding it hard to keep construction costs in check. Drone warfare is changing the way countries around the world equip their armies. Still, the stepped-up demand for missiles is giving a jolt to the entire supply chain. Defense contractor Northrop Grumman said Tuesday it expects to pump out 25,000 solid rocket motors a year by 2029, up from 13,000 units today. Europe's largest missile maker, MBDA, has proven lucrative for its three listed owners, BAE Systems, Airbus and Leonardo. MBDA now represents 13% of BAE's $44.5 billion order book, up from 6.5% in 2021, just before Russia's full-scale invasion of Ukraine. In the first quarter of this year, growth for Norwegian technology company Kongsberg was mainly driven by increased delivery volumes for missiles—and defenses against them. Kongsberg's order backlog for missiles and air-defense systems now totals more than $8.4 billion, with sales of a naval strike missile to the U.S. being particularly lucrative. Missile makers could reap another windfall from the Trump administration's Golden Dome for America antimissile shield project. The president called for an extensive buildup of air and space defenses to protect the U.S. against ballistic missiles and newer threats such as hypersonic weapons. The Defense Department hasn't detailed the high-level design of the antimissile shield, but Trump's call for an operational system by the end of his term could end up boosting companies such as Lockheed, RTX and others ready to field more missile interceptors on short notice. Write to Drew FitzGerald at
Yahoo
22-07-2025
- Business
- Yahoo
Why RTX Stock Is Down Today
Key Points RTX beat expectations but lowered full-year guidance due to tariffs. The company had telegraphed the tariff effect, and RTX's long-term bull case remains in place. 10 stocks we like better than RTX › Aerospace conglomerate RTX (NYSE: RTX) beat quarterly expectations but warned today that tariffs and taxes will take their toll in the quarters to come. The stock is under pressure on Tuesday and is down 2% as of 12:30 ET. Strong commercial sales RTX was formed from the merger of defense-focused Raytheon and the largely commercial aerospace business of United Technologies. It earned $1.56 per share in the second quarter on revenue of $21.6 billion, topping Wall Street's consensus estimate for $1.43 per share on $20.6 billion in sales. Revenue was up 9% year over year, driven by strong double-digit growth on the commercial side. RTX and other commercial aerospace companies are benefiting from issues getting new planes to market, which has boosted demand for spare parts. The company's Pratt & Whitney aircraft engine business grew sales by 19% in the quarter, while its defense business was up 6%. The only issue was guidance. Management hiked its full-year sales guidance by nearly $2 billion to a range of $84.75 billion to $85.5 billion, above the $84.3 billion consensus. But guidance for earnings per share was reduced to a range of $5.80 to $5.95, from $6 to $6.15, on tariff impact and tax estimate revisions. Is RTX stock a buy? The new earnings guidance should not have come as a surprise. In its previous estimate, RTX had warned of upward of a $0.50 per share effect from tariffs. The new guidance is an attempt to be more precise, baking the impact into the forecast. Pratt & Whitney is a formidable franchise, and with a commercial-plane backlog stretching to near the end of the decade, there is a lot of potential for sales growth from here. Investors shouldn't dwell on the guidance revision when considering RTX stock. Do the experts think RTX is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did RTX make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,055% vs. just 180% for the S&P — that is beating the market by 874.27%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $665,092!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,477!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool recommends RTX. The Motley Fool has a disclosure policy. Why RTX Stock Is Down Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
22-07-2025
- Business
- Globe and Mail
Datavault AI Inc. (NASDAQ: DVLT) Enters Strategic Defense Partnership with Burke Products
Datavault AI (NASDAQ: DVLT), a leader in data visualization and monetization, announced a strategic partnership with Burke Products, a minority-owned Tier 1 defense supplier to Lockheed Martin (NYSE: LMT), Raytheon Technologies (NYSE: RTX), and other major defense entities. The alliance includes subcontracted 2025 revenues from Burke's existing contracts and aims to scale into productized offerings in 2026. Datavault AI will integrate its proprietary ADIO(R) tone technology, acoustic sciences, digital twin modeling, and blockchain-based supply chain tools with Burke's engineering and manufacturing capabilities. Executives cited shared innovation goals, defense modernization trends, and mutual strategic vision as key drivers. The collaboration marks Datavault AI's entry into military-grade solution deployment across multiple defense verticals. To view the full press release, visit About Datavault AI Inc. Datavault AI is leading the way in AI experience, valuation, and monetization of assets in the Web 3.0 environment. The company's cloud-based platform provides comprehensive solutions with a collaborative focus in its Acoustic Science and Data Science Divisions. Datavault AI's Acoustic Science Division features WiSA(R), ADIO(R) and Sumerian(R) patented technologies and industry first foundational spatial and multichannel wireless HD sound transmission technologies with IP covering audio timing, synchronization and multi-channel interference cancellation. The Data Science Division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation and secure monetization. Datavault AI's cloud-based platform provides comprehensive solutions serving multiple industries, including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more. The Information Data Exchange(R) (IDE) enables Digital Twins, licensing of name, image, and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity. Datavault AI's technology suite is completely customizable and offers AI and Machine Learning (ML) automation, third-party integration, detailed analytics and data, marketing automation and advertising monitoring. The company is headquartered in Beaverton, OR. Learn more about Datavault AI at . About TechMediaWire TechMediaWire ('TMW') is a specialized communications platform with a focus on pioneering public and private companies driving the future of technology. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today's market, TMW brings its clients unparalleled recognition and brand awareness. TMW is where breaking news, insightful content and actionable information converge. To receive SMS alerts from TechMediaWire, text 'TECH' to 888-902-4192 (U.S. Mobile Phones Only) For more information, please visit Please see full terms of use and disclaimers on the TechMediaWire website applicable to all content provided by TMW, wherever published or re-published: TechMediaWire is powered by IBN
