Latest news with #RTX
Yahoo
2 hours ago
- Business
- Yahoo
RTX Corporation (RTX) Says Pratt & Whitney Strike Will Constrain Q2 Cash Flow
The three-week-long strike by Pratt & Whitney engine workers is likely to weigh on RTX Corporation (NYSE:RTX)'s cash flow during the second quarter, CEO Chris Calio told the Bernstein Strategic Decisions Conference on Wednesday. A person wearing a hardhat and safety glasses in a factory installing a LED high bay fixture. On Tuesday, about 3,000 machinists approved a new four-year contract, marking the end of the first strike at the engine-maker's Connecticut sites since 2001, where the workers' top priority was securing a commitment from RTX Corporation (NYSE:RTX) subsidiary Pratt & Whitney to maintain work on the F-35 fighters in the state. According to Calio, the strike hampered the company's ability to ship jet engines because of which he expects break-even to negative cash flow during Q2. However, the RTX Corporation (NYSE:RTX) CEO was confident about the company's ability to recover from the impact in the quarters ahead. RTX Corporation (NYSE:RTX)'s shares were down 1% as of 2 PM EDT on Wednesday. Despite the dip, the company has had impressive year-to-date returns of nearly 15% on the back of notable high-value contract awards. During the conference, Calio described President Trump's proposed Golden Dome missile defense shield as a unique opportunity. He also added that RTX Corporation (NYSE:RTX) continues to expect strong weapons demand from Europe despite ongoing trade tensions. While we acknowledge the 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 AI stock that is more promising than RTX and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. 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
Cision Canada
6 hours ago
- Automotive
- Cision Canada
Gastops Receives Investment from RTX for Next Generation Monitoring Technologies
Investment made possible by Canadian Industrial and Technological Benefits Policy (ITB) OTTAWA, ON, May 28, 2025 /CNW/ - Gastops Ltd. is announcing a joint agreement under Canada's Industrial and Technology Benefits (ITB) policy for a multi-million-dollar investment from RTX. The funding will support a research and development program to advance the next generation of oil debris monitoring (ODM) system technology and future technologies for oil and fuel monitoring for Pratt & Whitney military engines. Pratt & Whitney is an RTX business. "We are extremely pleased to work with RTX on the development of next generation monitoring technologies," said Shaun Horning, President and CEO of Gastops. "The ITB investment from RTX's Raytheon and engineering collaboration with Pratt & Whitney are critical components to the success of this cutting-edge technology. This investment will facilitate Gastops to continue its goal of Canadian innovation and to expand our technology capabilities." Gastops has been enabling Pratt & Whitney's advanced diagnostics and engine monitoring solutions with MetalSCAN ODM sensors since their introduction to the F119 engine, which powers the F-22 Raptor, in the early 1990's. Since then, MetalSCAN technology has been included in other major Pratt & Whitney engine developments, and discussions are ongoing about expanding the collaboration to integrate Gastops' next generation technologies into additional military engine programs. "It's now more important than ever to build Canada's defence industry," said the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions. "This multi-million-dollar investment by RTX to Canada's Gastops Ltd. will advance innovation within Canada's defence sector while supporting economic growth and creating high value jobs for Canadians." About Gastops Gastops is the world's leading provider of intelligent condition monitoring solutions used in Aerospace, Defence, Energy, and Industrial applications to optimize the availability, performance, and safety of critical assets. We offer peace of mind to our customers with innovative online monitoring sensors, at-line analysis, complex modeling and simulation, world class laboratory testing, engineering, design, and MRO services that predict performance to enable proactive operating decisions. Gastops has been providing powerful insights into the condition of critical equipment since 1979.
Yahoo
6 hours ago
- Business
- Yahoo
Gastops Receives Investment from RTX for Next Generation Monitoring Technologies
Investment made possible by Canadian Industrial and Technological Benefits Policy (ITB) OTTAWA, ON, May 28, 2025 /CNW/ - Gastops Ltd. is announcing a joint agreement under Canada's Industrial and Technology Benefits (ITB) policy for a multi-million-dollar investment from RTX. The funding will support a research and development program to advance the next generation of oil debris monitoring (ODM) system technology and future technologies for oil and fuel monitoring for Pratt & Whitney military engines. Pratt & Whitney is an RTX business. "We are extremely pleased to work with RTX on the development of next generation monitoring technologies," said Shaun Horning, President and CEO of Gastops. "The ITB investment from RTX's Raytheon and engineering collaboration with Pratt & Whitney are critical components to the success of this cutting-edge technology. This investment will facilitate Gastops to continue its goal of Canadian innovation and to expand our technology capabilities." Gastops has been enabling Pratt & Whitney's advanced diagnostics and engine monitoring solutions with MetalSCAN ODM sensors since their introduction to the F119 engine, which powers the F-22 Raptor, in the early 1990's. Since then, MetalSCAN technology has been included in other major Pratt & Whitney engine developments, and discussions are ongoing about expanding the collaboration to integrate Gastops' next generation technologies into additional military engine programs. "It's now more important than ever to build Canada's defence industry," said the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions. "This multi-million-dollar investment by RTX to Canada's Gastops Ltd. will advance innovation within Canada's defence sector while supporting economic growth and creating high value jobs for Canadians." About Gastops Gastops is the world's leading provider of intelligent condition monitoring solutions used in Aerospace, Defence, Energy, and Industrial applications to optimize the availability, performance, and safety of critical assets. We offer peace of mind to our customers with innovative online monitoring sensors, at-line analysis, complex modeling and simulation, world class laboratory testing, engineering, design, and MRO services that predict performance to enable proactive operating decisions. Gastops has been providing powerful insights into the condition of critical equipment since 1979. View original content to download multimedia: SOURCE Gastops Ltd. View original content to download multimedia: 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
12 hours ago
- Business
- Yahoo
RTX CEO said Pratt & Whitney strike will impact quarterly cash
(Reuters) -A weeks' long strike by 3,000 U.S. Pratt & Whitney engine workers will impact free cash flow during the second quarter, but the aerospace and defense giant should be able to recover that during the year, RTX CEO Chris Calio said on Wednesday. "There will be cash impact here in the second quarter," Calio told the Bernstein Strategic Decisions Conference. Calio said the four-week stoppage at Pratt's unionized Connecticut factories impacted its ability to ship jet engines, and he expects break even to negative cash flow in the quarter. RTX shares dipped 2% in morning trade. (Reporting By Allison Lampert, Editing by Nick Zieminski) 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
Reuters
12 hours ago
- Business
- Reuters
RTX CEO said Pratt & Whitney strike will impact quarterly cash
May 28 (Reuters) - A weeks' long strike by 3,000 U.S. Pratt & Whitney engine workers will impact free cash flow during the second quarter, but the aerospace and defense giant should be able to recover that during the year, RTX (RTX.N), opens new tab CEO Chris Calio said on Wednesday. "There will be cash impact here in the second quarter," Calio told the Bernstein Strategic Decisions Conference. Calio said the four-week stoppage at Pratt's unionized Connecticut factories impacted its ability to ship jet engines, and he expects break even to negative cash flow in the quarter. RTX shares dipped 2% in morning trade.
