28 stories mentioning RTX
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RTX (RTX) said Monday its Raytheon unit will invest $100 million to expand its facility in Portsmouth, Rhode Island.The upgrade is intended to accelerate testing of the Lower Tier Air and Missile Defense Sensor, or LTAMDS, radar while increasing production capacity for Patriot missile subcomponents.Price: $180.24, Change: $-0.75, Percent Change: -0.41%
RTX (RTX) shares were up over 3% in Thursday trading after Jefferies upgraded its rating on the company's stock to buy from hold and adjusted its price target to $220 from $210.Trading volume stood at about 2.3 million shares against a daily average of roughly 5.4 million.Price: $178.11, Change: $+5.56, Percent Change: +3.22%
US equity futures were mixed pre-bell Thursday as traders watched tech giant Broadcom's (AVGO) stock drop after the company posted its fiscal Q2 financial results and attacks continued in the Middle East.Dow Jones Industrial Average futures were 0.9% higher, S&P 500 futures were down 0.4%, and Nasdaq futures were 1.2% lower.Broadcom shares were down 15% in premarket activity as the company issued below-consensus guidance for fiscal Q3 AI-chip revenue.Kuwait reported that an Iranian missile and drone strike hit the country's international airport, killing one person and injuring dozens more. Iran claimed that it launched a retaliatory attack on US military bases in Kuwait after an earlier set of airstrikes by US forces.Traders also digested the latest round of earnings, with CrowdStrike (CRWD) posting higher fiscal Q1 adjusted earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 3% at $94.89 per barrel and US West Texas Intermediate crude 3.2% lower at $92.97 per barrel.The weekly jobless claims bulletin, released at 8:30 am ET, showed 225,000 new unemployment claims for the week ended May 2, compared with the downwardly revised figure of 212,000 in the prior week, and it came in above the 215,000 expected, according to estimates compiled by Bloomberg. Q1 nonfarm productivity increased at a 0.3% annual rate, below forecasts for 0.4%, while unit labor costs increased 1.8%, compared with the 2.4% expected.Federal Reserve Richmond President Thomas Barkin and San Francisco President Mary Daly are slated to speak on Thursday.In other world markets, Japan's Nikkei closed 1.4% lower, Hong Kong's Hang Seng ended 1.5% lower, and China's Shanghai Composite finished 0.6% lower. Meanwhile, the UK's FTSE 100 was down 0.2%, and Germany's DAX index was 0.6% higher in Europe's early afternoon session.In equities, CrowdStrike stock was down 10% after the company reported its fiscal Q1 financial results. ARM (ARM), Micron Technology (MU), and Marvell Technology (MRVL) shares were all down as part of a broader stock sell-off in the semiconductor industry. ARM shares fell 6%, Micron stock was down 6.4%, and Marvell shares dropped 5.9%.On the winning side, Eli Lilly (LLY) was up 1.3% after Ascidian Therapeutics said the company will receive exclusive, target-specific rights to Ascidian's RNA exon editing technology for undisclosed kidney disease targets in exchange for up to $1.9 billion under a new research partnership and licensing agreement. Costco Wholesale (COST) shares rose 2.3% after the company reported net sales of $24.01 billion for May, up from $20.97 billion a year earlier. RTX (RTX) stock was up 2.2% after the company said that its Raytheon unit was awarded a $515 million contract from the US Navy for the SPY-6 family of radars.
RTX (RTX) has an average rating of overweight and mean price target of $219.86, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
RTX (RTX) unit Raytheon's joint venture with Lockheed Martin (LMT), the Javelin Joint Venture, has delivered the first lightweight command launch units to the US Army, RTX said Tuesday.The new product is a next-generation launcher for the Javelin weapon system and replaces its legacy command launch unit, the company said.Raytheon has invested $22 million to date to upgrade the factory producing the launcher and boost production speed and capacity, according to a statement.Price: $177.09, Change: $+0.08, Percent Change: +0.05%
RTX's (RTX) Raytheon business said Monday it has completed the preliminary design review for NASA's Landsat Next Instrument Suite, with the first sensor expected to be delivered in 2028.The design review validated the technical approach and engineering design of Raytheon's instruments, algorithms and imager, Raytheon said.The company provides the multispectral imager, engineering analyses, testing and support for the program, according to a statement.Price: $171.56, Change: $+0.47, Percent Change: +0.27%
RTX (RTX) is confident that risks from higher fuel prices to its aerospace aftermarket business are limited, RBC Capital Markets said Friday, noting investor focus remains on the GTF jet engine recovery plan and the outlook for Raytheon.The investment firm said sentiment around the aerospace aftermarket business is likely an important driver for the stock in the near term, as the company continues to signal potential risk from discretionary spending on modifications and upgrades in its Collins Aerospace unit, although it has not seen changes in airline spending plans.While the company is positive on the outlook for its GTF engine, RBC said investors are closely watching the recovery plan amid concerns around engine valuations and potential demand destruction."We continue to see the Raytheon portfolio as a reason to own the stock," analysts at the brokerage commented, adding that demand for missile and missile defense systems is not entirely reflected in the stock.RBC has an outperform rating and price target of $230 on RTX.Price: $176.44, Change: $-0.34, Percent Change: -0.19%
RTX (RTX) said Wednesday its unit Raytheon won a contract from Blue Raven for the production of 120 SharpSight radars designed for critical missions such as anti-surface warfare, border protection, and long-range surveillance.Under the deal, Raytheon will manufacture and maintain the radars, while Blue Raven will oversee resale and distribution to expand global access to the new system, according to a statement.Raytheon is also ramping production of radar systems on expectations of higher demand to boost monthly output and lower contract to delivery timelines, the company said.Price: $175.72, Change: $+2.85, Percent Change: +1.65%
L3Harris Technologies (LHX) raised its full-year earnings outlook Thursday after reporting stronger-than-expected fiscal first-quarter results amid sales growth across segments.The aerospace and defense technology company now expects 2026 earnings of $11.40 to $11.60 a share, compared with its prior guidance range of $11.30 to $11.50. Analysts in a FactSet poll are looking for $11.59. L3Harris continues to expect full-year revenue between $23 billion and $23.5 billion, while Wall Street is projecting $23.44 billion."We delivered a strong start to the year, with robust orders and revenue growth, coupled with progress across our strategic priorities," Chief Executive Christopher Kubasik said in a statement.For the quarter ended April 3, EPS rose to $2.72 from $2.04 a year earlier, surpassing the consensus of $2.53. Revenue grew 12% to $5.74 billion, also ahead of the Street's $5.42 billion views.Sales in the space and mission systems division jumped 24% to $2.99 billion, while the missile solutions unit saw an 18% increase to $990 million. The communication and spectrum dominance unit's revenue grew 3% to $1.86 billion."The global security environment is evolving rapidly, and the implications for our customers are increasingly clear," Kubasik said on an earnings conference call, according to a FactSet transcript. "Across the Middle East, Europe and the Indo-Pacific, the threat environment is driving greater urgency around readiness, resilience and modernization."Late Wednesday, L3Harris said it confidentially filed a draft registration statement with the US Securities and Exchange Commission for a planned initial public offering of its missile solutions business. The IPO's size and pricing details have yet to be determined. Earlier this year, the company said the US government planned to invest $1 billion in the missile solutions unit."The IPO monetizes the Aerojet acquisition while creating a pure-play missile/propulsion vehicle with an unprecedented (Department of War) anchor investment," Wedbush Securities said in a note to clients Thursday. "We view this as incrementally positive; the stock should benefit as IPO pricing visibility improves and the market assigns sum-of-the-parts value to (missile solutions) separately."On Wednesday, General Dynamics (GD) raised its full-year earnings outlook after reporting fiscal first-quarter results above the Street's estimates. Recently, Lockheed Martin (LMT) logged March-quarter results that missed the Street's views, while fellow aerospace and defense companies RTX (RTX) and Northrop Grumman (NOC) delivered beats.Price: $320.70, Change: $-0.70, Percent Change: -0.22%
General Dynamics (GD) increased its full-year earnings outlook after reporting fiscal first-quarter results above Wall Street's estimates, sending the company's shares surging Wednesday.The aerospace and defense company now projects earnings at $16.45 to $16.55 a share for fiscal 2026, up from its previous guidance range of $16.10 to $16.20, President Danny Deep said on an earnings conference call, according to a FactSet transcript. The current consensus on FactSet is for $16.30."Given our strong start, we thought it would be prudent to revise our EPS guidance to reflect our performance thus far," Deep told analysts. "Looking at the year from a quarterly perspective, the first and fourth quarters would represent the high points, favoring the fourth quarter."EPS climbed to $4.10 for the quarter through April 5 from $3.66 a year earlier, topping the Street's view for $3.68. Revenue improved 10% to $13.48 billion, exceeding the average analyst estimate on FactSet of $12.70 billion.General Dynamics' shares were up 11% in Wednesday afternoon trade. The stock has increased 2.9% so far this year.Marine systems business revenue jumped 21% year over year to $4.34 billion in the quarter, while the aerospace division saw an 8.4% gain. Sales in the combat systems and technologies units rose more than 4% each.Orders amounted to $26.6 billion in the quarter on a companywide basis, while total estimated contract value -- the sum of all backlog components -- was $188.4 billion at the end of the quarter. The company said this includes backlog of $130.8 billion.However, General Dynamics saw numerous transactions slow down at the end of the quarter as a result of the conflict in the Middle East, Deep told analysts."We were having a spectacular quarter from an order standpoint across the board here in the US, as well as the Middle East," Deep said. "As the conflict started to take form, we saw some slowing in order intake in the Middle East."Last week, Lockheed Martin (LMT) reported first-quarter results that missed the Street's views, while fellow aerospace and defense companies RTX (RTX) and Northrop Grumman (NOC) delivered beats.Price: $347.32, Change: $+33.64, Percent Change: +10.72%
RTX-owned (RTX) Raytheon said Tuesday it has delivered its second sensor to Lockheed Martin (LMT) for the US Space Force's satellite program.The satellites, which are part of the Next-Generation Overhead Persistent Infrared Geosynchronous Earth Orbit Block 0 satellite program, will provide enhanced missile warning and tracking to deal with space-based threats, Raytheon said.Financial terms of the contract were not disclosed.Price: $173.20, Change: $-0.18, Percent Change: -0.10%
Lockheed Martin's (LMT) first-quarter earnings decreased more than expected, while its sales fell short of market estimates, sending the defense contractor's shares lower Thursday.Earnings dropped to $6.44 a share for the March quarter from $7.28 a year earlier, below the FactSet-polled consensus of $6.73. Sales rose to $18.02 billion from $17.96 billion, but missed Wall Street's views for $18.22 billion.The bottom line decline was due to lower profit and marked market losses, while sales were impacted by a shortened fiscal period versus the prior year, Chief Financial Officer Evan Scott said during an earnings call Thursday, according to a FactSet transcript."First-quarter 2026 results also reflect unfavorable performance adjustments at aeronautics associated with F-16 and C-130," Scott said. "Design and development delays temporarily impacted F-16."Lockheed Martin shares were down 5.4% in afternoon trade, bringing its year-to-date to gains to 8.7%.First-quarter revenue in the rotary and mission systems business fell to about $3.99 billion from $4.33 billion sequentially, while the aeronautics division saw a 1% drop. Sales in the missiles and fire control business grew 8%, while the space segment posted a 7% gain.The company continues to expect 2026 EPS between $29.35 and $30.25 and sales to be in a range of $77.50 billion to $80 billion. The Street is looking for EPS of $29.92 and sales of $79.22 billion."We expect sales to grow in the second quarter and throughout the remainder of the year, supporting our full-year growth outlook," Scott told the analysts.Lockheed Martin recently signed a $1.5 billion contract with the Peruvian Air Force for 12 Block 70 F-16 fighter aircraft, with an opportunity for "a second squadron" of 12 additional jets, Chief Executive Jim Taiclet said on the call.Earlier in the week, aerospace and defense companies RTX (RTX) and Northrop Grumman (NOC) recorded stronger-than-expected results for the first quarter.Price: $530.17, Change: $-25.27, Percent Change: -4.55%
RTX (RTX) has an average rating of overweight and mean price target of $218.39, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $182.30, Change: $+1.39, Percent Change: +0.77%
RTX (RTX) shows "strong growth" across its balanced aerospace and defense portfolio, while its Raytheon upside remains a catalyst, RBC Capital Markets said Wednesday in a research note.Noting the company's strong Q1 results, RBC said that Raytheon's 9% organic growth was "impressive," driven by higher volumes on the Patriot, GEM-T, Tomahawk, and Standard Missile family of munitions.RTX raised its 2026 adjusted sales estimate by $500 million and adjusted earnings per share by $0.10 at the midpoints, RBC said, adding that the company now expects Raytheon to grow in high single digits, while maintaining the outlook for Collins and Pratt & Whitney.The investment firm also noted that broader organic growth guidance of between 5% to 6% still appears conservative, though a meaningful portion of defense backlog upside is expected to materialize only from mid-2027 onward.RBC reiterated its outperform rating with a $230 price target.Shares of RTX were down nearly 4% in Wednesday trading.Price: $180.15, Change: $-7.02, Percent Change: -3.75%
RTX (RTX) remains set for continued sales growth, margin improvement, and stronger cash flow as defense demand builds, commercial aerospace stays healthy, with recent share pullback seen as a buying chance, Morgan Stanley said in a note Wednesday.The company's Q1 showed broad strength across the business, but the stock fell as investors focused on possible 2027 risk tied to high oil prices and wider economic uncertainty, the investment firm said.Morgan Stanley said risks look more like timing issues than long-term problems, adding that demand drivers still appear solid because shop visit trends remain healthy and engine maintenance needs continue.Commercial aerospace remains resilient, supported by stable production, strong aftermarket activity, and a young installed base that should keep maintenance demand elevated, according to the note.Morgan Stanley kept its overweight rating and maintained RTX as its top aerospace pick, while lowering its price target to $220 from $235.Price: $180.66, Change: $-6.51, Percent Change: -3.48%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target price is $216, or 26.5x our 2027 EPS estimate, vs. RTX's three-year average forward P/E of 21.3x and peers' average forward P/E of 26.2x. We raise our 2026 EPS estimate by $0.03 to $7.18 and reiterate our 2027 EPS forecast at $8.15. RTX's upgrade reflects strengthening fundamentals across its portfolio. The defense business demonstrates exceptional momentum, with five landmark framework agreements for critical munitions providing unprecedented long-term visibility and demand signals. The record $271 billion backlog (up 25% Y/Y) and 1.14 book-to-bill ratio underscore robust demand across both commercial and defense end markets. Despite geopolitical uncertainties, commercial aerospace fundamentals remain durable, supported by 14% aftermarket growth and the GTF engine's 8,000-unit backlog. Now that the worst of the powder metal crisis is in the rearview mirror, investor focus should be shifting to the powerful, long-term economics of the massive installed base of GTF and V2500 engines.
RTX (RTX) has an average rating of overweight and mean price target of $218.61, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $182.18, Change: $-4.99, Percent Change: -2.67%
RTX (RTX) has an average rating of overweight and mean price target of $218.61, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $186.74, Change: $-0.44, Percent Change: -0.23%
RTX (RTX) said Tuesday its Pratt & Whitney unit is investing over $100 million in three maintenance, repair and overhaul sites in the US to boost maintenance capacity for the GTF engine.The company said its recent facility investments include $78 million in Irving, Texas, $20 million in West Palm Beach, Florida, and $4.7 million in Springdale, Arkansas.Price: $187.67, Change: $-8.12, Percent Change: -4.15%
RTX (RTX) and Northrop Grumman (NOC) on Tuesday reported stronger-than-expected first-quarter results, driven by revenue gains across different businesses.Aerospace and defense company RTX's adjusted earnings increased to $1.78 per share from $1.47 a year earlier, while beating the FactSet-polled consensus of $1.51. Net sales jumped 9% to $22.08 billion, ahead of Wall Street's view for $21.46 billion."RTX delivered a very strong start to 2026 with organic sales and adjusted operating profit growth across all three segments," RTX Chief Executive Chris Calio said in a statement.Sales for the engine segment, Pratt & Whitney, rose 11% to $8.17 billion, while RTX's Raytheon defense solutions division grew 10% to $6.95 billion. Collins Aerospace revenue increased 5% to $7.60 billion.Separately, Northrop Grumman reported first-quarter EPS of $6.14, up from $3.32 a year earlier and higher than the Street's $6.05 view. Sales increased to $9.88 billion from $9.47 billion, above the $9.75 billion projected by analysts. Northrop's aeronautics, defense and mission system businesses all logged revenue gains year-over-year."Northrop Grumman delivered strong first-quarter results, with continued robust bookings, mid-single-digit organic sales growth, and solid operating performance, underscoring our ability to deliver in today's unprecedented global demand environment," CEO Kathy Warden said.RTX lifted its 2026 adjusted sales outlook to between $92.5 billion and $93.5 billion from $92 billion to $93 billion previously expected. Adjusted EPS is pegged at $6.70 to $6.90, up from an earlier guidance of $6.60 to $6.80. Analysts expect $93.58 billion in full-year revenue and $6.85 in adjusted EPS."Given our first-quarter performance and the strength we're seeing in our defense business, we are increasing adjusted sales and EPS in our full-year outlook," Calio said.Northrop maintained its sales and adjusted EPS guidance for the full year. The company expects revenue in the range of $43.5 billion to $44 billion and earnings of $27.40 to $27.90. Wall Street anticipates the company reporting $43.94 billion in revenue this year and $27.97 in adjusted EPS.Shares of RTX declined 4% in Tuesday trading, while those of Northrop were down 5.6%.Price: $188.23, Change: $-7.57, Percent Change: -3.86%
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