Latest news with #F135
Business Insider
02-08-2025
- Business
- Business Insider
RTX awarded $115.08M Navy contract modification
RTX (RTX) was awarded a $115.08M contract modification to the previously awarded firm-fixed-price, cost-plus-incentive-fee and fixed-price incentive Lot 19 contract. This modification adds scope to procure long-lead time materials for the future production and delivery of F135 propulsion systems for the F-35 in support of the Joint Strike Fighter program for the Air Force, Marine Corps, Navy, F-35 Cooperative Program Partners, and Foreign Military Sales (FMS) customers. Work is expected to be completed in February 2028. The Naval Air Systems Command is the contracting activity. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Hans India
04-07-2025
- Hans India
British F-35B Fighter Jet Remains Grounded In Kerala As 40-Member UK Repair Team Prepares For July 5 Arrival
A Royal Navy F-35B Lightning fighter jet valued at over $110 million continues to remain grounded at Thiruvananthapuram International Airport, three weeks after its emergency landing on June 14. According to PTI reports on Friday, a substantial 40-member team of aviation engineers from the United Kingdom is scheduled to arrive on July 5 to conduct on-site repairs. The advanced fighter aircraft, belonging to Britain's Royal Navy, may require complete dismantling or transportation via a specialized aircraft such as the C-17 Globemaster if repairs prove unfeasible at the current location. The supersonic fighter jet was compelled to make an emergency landing during a routine training exercise after departing from the aircraft carrier HMS Prince of Wales. The carrier has been positioned in the Singapore Strait for several weeks. The emergency landing was necessitated by adverse weather conditions and low fuel levels, with the pilot declaring an emergency before being detected by the Indian Air Force. Initially, the UK repair team was scheduled to arrive on July 2, but the mission was postponed for undisclosed reasons. The aircraft currently remains secured in a designated bay area under the supervision of a six-member security detail from HMS Prince of Wales. Following the emergency landing, the pilot was safely evacuated to the aircraft carrier via helicopter the subsequent day. However, the jet developed technical complications while on the ground, preventing its departure. The F-35B Lightning, manufactured by American defense contractor Lockheed Martin, represents cutting-edge military aviation technology. This single-seat fighter aircraft is powered by a Pratt & Whitney F135 engine, recognized as one of the world's most powerful propulsion systems. The aircraft can achieve speeds of 1.6 times the speed of sound and features fifth-generation capabilities with short take-off and vertical landing (STOVL) functionality, making it particularly suited for operations from compact naval vessels and carriers. The Indian Air Force has confirmed its full cooperation in supporting the aircraft's repair efforts and eventual return to service. In a statement posted on social media platform X, the IAF announced: "A Royal Navy F-35B fighter was recovered following an emergency landing at Thiruvananthapuram International Airport on the night of June 14. The IAF is providing all necessary support for the rectification and subsequent return of the aircraft." The incident occurred shortly after the HMS Prince of Wales Carrier Strike Group completed joint military exercises with the Indian Navy earlier in June, highlighting the ongoing defense cooperation between the two nations.
Yahoo
09-06-2025
- Business
- Yahoo
RTX Corporation (RTX): A Bull Case Theory
We came across a bullish thesis on RTX Corporation (RTX) on Business Model Mastery Substack. In this article, we will summarize the bulls' thesis on RTX. RTX Corporation (RTX)'s share was trading at $137.50 as of 3rd June. RTX's trailing and forward P/E were 40.32 and 22.68 respectively according to Yahoo Finance. Two fighter jets in flight, highlighting the technology and experience of the companies combat aircraft. RTX is far more than an aerospace and defense contractor—it is a global industrial engine powered by deeply embedded ecosystems, unmatched technical infrastructure, and time-tested barriers that no startup can cross. At the heart of its commercial business is the Geared Turbofan (GTF) engine, which powers aircraft across multiple platforms and locks in airlines to long-term service cycles. Shop visits surged 30% in 2024, not due to optional upgrades, but because RTX is the sole provider certified to service its own engines. This is not just a sale—it's a 25+ year annuity. Services now account for 26.2% of RTX's total revenue, underscoring its shift toward high-margin, recurring cash flows. The same model powers RTX's defense business, where platforms like the F135 engine, AMRAAM missiles, and Patriot systems generate not only multi-billion-dollar contracts but also decades of lock-in, training, and upgrade cycles. RTX's real moat lies in time, not hype: over 1,000 active patents, exclusive certifications, and compliance-heavy relationships with the U.S. Department of Defense, NASA, and foreign governments make disruption almost impossible. Its global scale further fortifies its position. With 186,000 employees—57,000 of them engineers—across 52 countries and 230+ dual-use facilities, RTX can cross-pollinate innovation between commercial and defense sectors while reducing exposure to any single market. In 2024, international markets contributed 43% of total business. The company's $218 billion backlog, with 25% converting within a year, offers unmatched revenue visibility. RTX doesn't rely on product cycles—it compounds strength over time. Each new platform it deploys feeds into a feedback loop of engineering, iteration, and customer retention. Where others chase quarterly wins, RTX builds geopolitical infrastructure—permanent, defensible, and rooted in systems that nations cannot afford to replace. Previously, we have covered RTX Corporation (RTX) in Jan 2025 wherein we summarized a bullish thesis by Stock Picker's Corner on Substack where in the thesis revolved around RTX having a defense tech edge amid U.S.-China tensions—validated by an 18.7% stock gain. The new thesis reframes RTX as a long-term industrial compounder with deep moats, recurring revenues, and global scale beyond just defense upside. RTX Corporation (RTX) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 79 hedge fund portfolios held RTX at the end of the first quarter which was 80 in the previous quarter. While we acknowledge the risk and potential of RTX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey 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
San Francisco Chronicle
27-05-2025
- Business
- San Francisco Chronicle
Pratt & Whitney machinists end 3-week strike after approving a new contract
EAST HARTFORD, Conn. (AP) — About 3,000 machinists at jet engine-maker Pratt & Whitney in Connecticut approved a new four-year contract Tuesday, ending a three-week strike over wages, job security and other issues. Union members were expected to return to work Wednesday after 74% of them voted in favor of the new deal, according to locals 1746 and 700 of the International Association of Machinists and Aerospace Workers. Pratt & Whitney, a subsidiary of Arlington, Virginia-based RTX Corp., makes engines for commercial and military jets, including the GTF line for Airbus commercial jets and the F135 for the military's F-35 Lightning II fighter aircraft fleet. The union said the new contract, which runs to May 2029, guarantees continued operations at the company's East Hartford and Middletown plants through 2029. It also includes a 6% wage increase the first year, followed by raises of 3.5% in 2026 and 3% in both 2027 and 2028. Retirement benefits also were improved, the union said. 'This agreement includes real gains for our members and proves what we can accomplish when we stick together,' Wayne McCarthy, president of Local 700, said in a statement. The company said in a statement that the contract 'recognizes the skill and dedication of our workforce by keeping them among the highest compensated in their field, while ensuring the company is well-positioned for the future.' Union members began picketing in East Hartford and Middletown on May 5, after about 77% of union members voted to approve their first strike since 2001.
Yahoo
27-05-2025
- Business
- Yahoo
Pratt & Whitney machinists end 3-week strike after approving a new contract
EAST HARTFORD, Conn. (AP) — About 3,000 machinists at jet engine-maker Pratt & Whitney in Connecticut approved a new four-year contract Tuesday, ending a three-week strike over wages, job security and other issues. Union members were expected to return to work Wednesday after 74% of them voted in favor of the new deal, according to locals 1746 and 700 of the International Association of Machinists and Aerospace Workers. Pratt & Whitney, a subsidiary of Arlington, Virginia-based RTX Corp., makes engines for commercial and military jets, including the GTF line for Airbus commercial jets and the F135 for the military's F-35 Lightning II fighter aircraft fleet. The union said the new contract, which runs to May 2029, guarantees continued operations at the company's East Hartford and Middletown plants through 2029. It also includes a 6% wage increase the first year, followed by raises of 3.5% in 2026 and 3% in both 2027 and 2028. Retirement benefits also were improved, the union said. 'This agreement includes real gains for our members and proves what we can accomplish when we stick together,' Wayne McCarthy, president of Local 700, said in a statement. The company said in a statement that the contract 'recognizes the skill and dedication of our workforce by keeping them among the highest compensated in their field, while ensuring the company is well-positioned for the future.' Union members began picketing in East Hartford and Middletown on May 5, after about 77% of union members voted to approve their first strike since 2001.
