Associated tags: ODM, RTX, Health care, OEM, NYSE, Raytheon Technologies, GTF
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AURORA, Colo., May 6, 2024 /PRNewswire/ -- An advanced ground system for space-based missile warning developed by Raytheon, an RTX (NYSE: RTX) business, is now operational at the U.S. Space Force's Overhead Persistent Infrared Battlespace Awareness Center (OBAC).
Key Points:
- AURORA, Colo., May 6, 2024 /PRNewswire/ -- An advanced ground system for space-based missile warning developed by Raytheon, an RTX (NYSE: RTX) business, is now operational at the U.S. Space Force's Overhead Persistent Infrared Battlespace Awareness Center (OBAC).
- The Future Operationally Resilient Ground Evolution Mission Data Processing Application Framework (FORGE MDPAF) is a modular and adaptable framework that enables fast integration of mission focused applications to process, exploit and disseminate information from satellites.
- As a next step, FORGE MDPAF will move from supporting OBAC operations to full missile warning detection.
- "FORGE MDPAF is designed to scale in a way that can handle the current volume of missile warning data and grow to support future proliferated space data processing needs."
ARLINGTON, Va., May 3, 2024 /PRNewswire/ -- Two next-generation imaging instruments designed by Raytheon, an RTX (NYSE: RTX) business, launched yesterday as part of Maxar's WorldView Legion satellites. These are the first two of six planned WorldView Legion satellites, which will provide a significant leap forward in Earth observation capabilities, offering improved surveillance and monitoring for a wide range of applications.
Key Points:
- ARLINGTON, Va., May 3, 2024 /PRNewswire/ -- Two next-generation imaging instruments designed by Raytheon, an RTX (NYSE: RTX) business, launched yesterday as part of Maxar's WorldView Legion satellites.
- These are the first two of six planned WorldView Legion satellites, which will provide a significant leap forward in Earth observation capabilities, offering improved surveillance and monitoring for a wide range of applications.
- These WorldView Legion satellites will support applications across multiple sectors, including national security, military and commercial mapping, maritime monitoring, telecommunications network planning, change detection and feature identification.
- The satellite imagery collected by WorldView Legion will aid in assessing humanitarian needs, providing aid to natural disasters and businesses with transformational capabilities including mapping and logistical planning, insights to world events and supporting national defense.
TUCSON, Ariz., April 29, 2024 /PRNewswire/ -- Raytheon, an RTX business (NYSE: RTX), has awarded Spanish supplier, Sener, a contract to develop and produce the electro-mechanical control section of the Patriot® GEM-T missile. Sener will directly contribute to missile production in Europe in support of the recently awarded GEM-T contract by the NATO Support and Procurement Agency (NSPA) for a quantity of up to 1,000 missiles for a coalition of nations, including Germany, the Netherlands, Romania and Spain.
Key Points:
- TUCSON, Ariz., April 29, 2024 /PRNewswire/ -- Raytheon, an RTX business (NYSE: RTX), has awarded Spanish supplier, Sener, a contract to develop and produce the electro-mechanical control section of the Patriot® GEM-T missile.
- Sener will directly contribute to missile production in Europe in support of the recently awarded GEM-T contract by the NATO Support and Procurement Agency (NSPA) for a quantity of up to 1,000 missiles for a coalition of nations, including Germany, the Netherlands, Romania and Spain.
- "Sener will play a critical role in supporting our expansion of GEM-T missile production capacity in Europe," said Pete Bata, vice president of Global Patriot at Raytheon.
- Sener is a private engineering and technology group with a demonstrated expertise in the design and production of missile actuation and control system technologies.
SANTA ANA, Calif., April 12, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic and structural solutions for the aerospace & defense industry, is proud to announce two major awards totaling over $50M in revenue for the Raytheon SPY-6 family of radar systems.
Key Points:
- SANTA ANA, Calif., April 12, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic and structural solutions for the aerospace & defense industry, is proud to announce two major awards totaling over $50M in revenue for the Raytheon SPY-6 family of radar systems.
- All cards will be produced at Ducommun’s world-class engineering and manufacturing performance center for circuit cards assemblies in Tulsa, Oklahoma.
- “We are thrilled to have earned the trust of Raytheon on this most critical Navy radar system as we continue to build out this part of our defense business by supporting off-loading from our strategic defense customers.
- Ducommun currently provides Raytheon with electronics, circuit card assemblies, harness cable assemblies, and structural products on both legacy and emerging programs.
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Aviation ARLINGTON, Va., April 25, 2024 /PRNewswire/ -- RTX (NYSE: RTX) received recognition from three separate organizations for innovation in patented technology. The Harrity Patent Analytics Patent 300® List, The European Patent Office (EPO) Patent Index, and The Clarivate™ Top 100 Global Innovators all issued their 2024 rankings naming RTX in the top 15 in each list.
Key Points:
- ARLINGTON, Va., April 25, 2024 /PRNewswire/ -- RTX (NYSE: RTX) received recognition from three separate organizations for innovation in patented technology.
- "Innovation is the fuel that powers advanced technology development," said RTX Chief Technology Officer Juan de Bedout.
- The EPO Patent Index in an annual report detailing the top applicants for European patents as well as highlighting trends in technology development and fields of innovation.
- RTX ranked 10th on the 2024 list, the top ranking for an American company and the highest ranked in the aerospace and defense industry.
TUCSON, Ariz., April 25, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been awarded a $344 million contract for the development of two missile variants – the SM-2 Block IIICU and SM-6 Block IU – which will be based on a common guidance section, where the electronics and software that guide a missile to its target are housed.
Key Points:
- The updated variants will share a newly designed guidance section, target detection device, independent flight termination system and electronics unit.
- This commonality will allow Raytheon to manufacture both missiles on a common production line, providing flexibility, scalability, and cost reductions.
- The development program is largely funded by Foreign Military Sales.
- The first users of these updated missiles will be the U.S., Australia, Canada, Japan, and Korea.
HUNTSVILLE, Ala., April 23, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, recently broke ground on a $115 million, 26,000 square-foot expansion of its Redstone Raytheon Missile Integration Facility, which will increase the factory's space for integrating and delivering on critical defense programs by more than 50 percent.
Key Points:
- HUNTSVILLE, Ala., April 23, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, recently broke ground on a $115 million, 26,000 square-foot expansion of its Redstone Raytheon Missile Integration Facility, which will increase the factory's space for integrating and delivering on critical defense programs by more than 50 percent.
- The expansion will also bring an estimated 185 new jobs to the area, growing RTX's employee footprint in Alabama to more than 2,200 people.
- Raytheon's Redstone facility is the final integration point for many missile programs for the U.S. Missile Defense Agency, U.S. Navy, and other defense customers.
- With the expansion of our Missile Integration Facility at Redstone, Raytheon is demonstrating its ability and commitment to continued GPI development.
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Pharmaceutical industry ARLINGTON, Va., April 23, 2024 /PRNewswire/ -- RTX (NYSE: RTX) reported first quarter 2024 results.
Key Points:
- RTX delivers strong 12% sales growth; Q1 book-to-bill of 1.34 with an RTX record backlog of $202B; Reaffirms full year outlook
ARLINGTON, Va., April 23, 2024 /PRNewswire/ -- RTX (NYSE: RTX) reported first quarter 2024 results.
- "We are making progress on our key priorities to deliver for customers and shareowners, including executing on our GTF fleet management plans, which remain on track."
- RTX reported first quarter sales of $19.3 billion, up 12 percent over the prior year.
- Capital expenditures were $467 million, resulting in a free cash outflow* of $125 million.
ARLINGTON, Va., April 18, 2024 /PRNewswire/ -- RTX (NYSE: RTX) announced an agreement with a subsidiary of ENGIE North America (ENGIE) that will provide 100% renewable electricity to 12 of the company's Texas facilities. The agreement with ENGIE Resources LLC, which runs through 2033, will begin with six RTX locations in Texas in 2024 and expand to 12 locations by 2028. The deal is RTX's largest renewable energy procurement to date, nearly doubling the company's usage of renewable electricity in 2023.
Key Points:
- ARLINGTON, Va., April 18, 2024 /PRNewswire/ -- RTX (NYSE: RTX) announced an agreement with a subsidiary of ENGIE North America (ENGIE) that will provide 100% renewable electricity to 12 of the company's Texas facilities.
- The deal is RTX's largest renewable energy procurement to date, nearly doubling the company's usage of renewable electricity in 2023.
- "Increasing our use of renewable electricity is a core focus of RTX's strategy to reduce greenhouse gas emissions across our operations," said Annette McNeely, vice president, Environment, Health & Safety for RTX.
- The remainder of RTX's load for 2024 and beyond will be sourced with electricity and RECs from several ENGIE renewable electricity projects in Texas, primarily new projects.
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Wednesday, April 10, 2024
CHICAGO, April 10, 2024 /PRNewswire/ -- (MRO Americas) Pratt & Whitney, an RTX (NYSE: RTX) business, today announced a $20 million investment to increase the GTF maintenance, repair and overhaul (MRO) capacity of its West Palm Beach Engine Center. The expansion will accommodate a 40% increase in capacity and is expected to be complete by the second half of 2025.
Key Points:
- CHICAGO, April 10, 2024 /PRNewswire/ -- (MRO Americas) Pratt & Whitney, an RTX (NYSE: RTX) business, today announced a $20 million investment to increase the GTF maintenance, repair and overhaul (MRO) capacity of its West Palm Beach Engine Center.
- "The expansion at West Palm Beach is the latest example of our global investment to support the GTF fleet," said Kevin Kirkpatrick, vice president of Global Aftermarket Operations at Pratt & Whitney.
- West Palm Beach was transformed into a fully capable GTF MRO engine center in mid-2021.
- In 2023, Pratt & Whitney announced three GTF MRO facility expansions and five shop activations to support the growing GTF fleet.
