Latest news with #RTXCorporation
Yahoo
3 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
Yahoo
6 days ago
- Business
- Yahoo
Was Jim Cramer Right About RTX Corporation (RTX)?
We recently published a list of . In this article, we are going to take a look at where RTX Corporation (NYSE:RTX) stands against other stocks that Jim Cramer discusses. Back in 2024, on May 15, Mad Money's Jim Cramer discussed the performance of post-breakup aerospace and defense stocks, spotlighting RTX Corporation (NYSE:RTX) as a strong example of a successful spin-off from United Technologies. 'The part that merged with Raytheon, the new RTX, has rallied 108% since the breakup, total return of 13% including dividend. It's now worth over $140 billion. This was that little problem they had with the engine — they really put that behind them very quickly. I'm proud of these guys, by the way. I think RTX is a great business, both on the commercial aerospace and the defense side.' Cramer's confidence paid off, as the stock climbed a solid 29.97% since his endorsement. An aerial view of a commercial jetliner in flight, its airframe glinting in the sun. RTX Corporation (NYSE:RTX) is expanding its aerospace services business as defense orders rebound and commercial travel returns to strength. During a recent discussion earlier in May on how tariffs could affect the company, Jim Cramer said the following: 'First of all, they were very forthcoming about the tariffs. That was right. Second, it is a way for people, for countries to be able to say, listen, I know we have a trade, we have a huge trade surplus with you. We are going to write a check to RTX and get what we need. You are spot on.' Overall, RTX ranks 12th on our list of stocks that Jim Cramer discusses. 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: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
6 days ago
- Business
- Yahoo
Was Jim Cramer Right About RTX Corporation (RTX)?
We recently published a list of . In this article, we are going to take a look at where RTX Corporation (NYSE:RTX) stands against other stocks that Jim Cramer discusses. Back in 2024, on May 15, Mad Money's Jim Cramer discussed the performance of post-breakup aerospace and defense stocks, spotlighting RTX Corporation (NYSE:RTX) as a strong example of a successful spin-off from United Technologies. 'The part that merged with Raytheon, the new RTX, has rallied 108% since the breakup, total return of 13% including dividend. It's now worth over $140 billion. This was that little problem they had with the engine — they really put that behind them very quickly. I'm proud of these guys, by the way. I think RTX is a great business, both on the commercial aerospace and the defense side.' Cramer's confidence paid off, as the stock climbed a solid 29.97% since his endorsement. An aerial view of a commercial jetliner in flight, its airframe glinting in the sun. RTX Corporation (NYSE:RTX) is expanding its aerospace services business as defense orders rebound and commercial travel returns to strength. During a recent discussion earlier in May on how tariffs could affect the company, Jim Cramer said the following: 'First of all, they were very forthcoming about the tariffs. That was right. Second, it is a way for people, for countries to be able to say, listen, I know we have a trade, we have a huge trade surplus with you. We are going to write a check to RTX and get what we need. You are spot on.' Overall, RTX ranks 12th on our list of stocks that Jim Cramer discusses. 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: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is 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
Business Insider
20-05-2025
- Business
- Business Insider
A newly upgraded radar, the most advanced of its kind, is joining the US defense against hypersonic missiles
Raytheon has given the US Missile Defense Agency a new radar, the most advanced of its kind, that it says can support the difficult mission of defending against hypersonic weapons. The radar is one of the latest examples of how the US is working to strengthen its air defenses against more advanced threats like hypersonic weapons, which are nearly impossible to intercept with current systems. Raytheon, an RTX Corporation business, announced on Monday the delivery of its first upgraded AN/TPY-2 missile defense radar featuring a Gallium Nitride (GaN) populated array. These radars are able to detect, track, and discriminate ballistic missiles in multiple phases of flight. The latest upgrade improves the sensitivity and range of the radar and expands its surveillance capabilities. "The radar also features the latest CX6 high-performance computing software that offers more precise target discrimination and electronic attack protection," Raytheon said in a release. Some experts have noted the game-changing use of GaN semiconductor technology in enhancing radars, radio frequency sensing, and other communication platforms. Multiple big players in the defense industry have been working on GaN-based capabilities, especially for upgrading sensors and weapons systems. Last fall, Raytheon began production of the GaN-empowered Lower Tier Air and Missile Defense System (LTAMDS) with the Army, designing it to ultimately replace the current Patriot missile defense system radars. Raytheon's new version of the AN/TPY-2 is the most advanced it's built, said Sam Deneke, president of Air and Space Defense Systems at Raytheon, per the release. "As demand increases for missile defense of the homeland, the AN/TPY-2 radar is ready to meet the mission." US military officials have been pushing for more capabilities to defend against hypersonics for years now. They're daunting weapons due to a hypersonic missile's ability to fly low, fast, and maneuver along unpredictable flight paths that make them far more difficult to intercept than already challenging ballistic missiles that fly the predictable parabolic arcs. Both China and Russia, key US rivals, possess hypersonic missiles in their arsenals. US-made air defenses have defeated Russia's advanced Kinzhal air-launched ballistic missile, sometimes questionably touted as hypersonic weaponry. But defending against weapons more accurately identified by that name, such as China's DF-17 missile equipped with a hypersonic glide vehicle or Russia's Zircon scramjet-powered hypersonic cruise missile, could prove more difficult, though Ukraine has claimed to have defeated the Zircon. Though the weapons may not be unstoppable, they represent a much more challenging threat, and this technology is continuing to advance. China's expansion of its missile arsenal has raised concerns about the vulnerability of US forces and strategic allies and partners in the Indo-Pacific region. Washington lawmakers and US military leaders have repeatedly said that American forces lack the active and passive defenses needed to defend against a substantial Chinese missile bombardment that could include hypersonic weapons. But efforts are underway to strengthen these defenses. Last year, for instance, the US and Japan announced plans to jointly develop a hypersonic missile defense system as part of a Glide Phase Interceptor (GPI) Cooperative Development (GCD) Project Arrangement that aims to intercept a hypersonic weapon in its glide phase of flight. And more recently, the Trump administration began pursuing a new " Iron Dome for America," now called the "Golden Dome," because, as the president said in a January executive order, "the threat of attack by ballistic, hypersonic, and cruise missiles, and other advanced aerial attacks, remains the most catastrophic threat facing the United States."
Yahoo
20-05-2025
- Business
- Yahoo
RTX Corporation (RTX) Rose Due to Elevated Geopolitical Worries
ClearBridge Investments, an investment management company, released its 'ClearBridge Large Cap Value Strategy' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The S&P 500 Index declined by -4.3% in Q1 2025 due to a tariff war and a shift away from AI-related tech stocks. Amid the tech-led sell-off, the benchmark, the Russell 1000 Value Index, outperformed its growth counterpart in the quarter. Against this backdrop, the strategy underperformed the benchmark in Q1. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, ClearBridge Large Cap Value Strategy highlighted stocks such as RTX Corporation (NYSE:RTX). RTX Corporation (NYSE:RTX) is an aerospace and defense company. The one-month return of RTX Corporation (NYSE:RTX) was 20.62%, and its shares gained 30.13% of their value over the last 52 weeks. On May 19, 2025, RTX Corporation (NYSE:RTX) stock closed at $137.20 per share with a market capitalization of $183.292 billion. ClearBridge Large Cap Value Strategy stated the following regarding RTX Corporation (NYSE:RTX) in its Q1 2025 investor letter: "In industrials, defense names RTX Corporation (NYSE:RTX) and Northrop Grumman led performance as geopolitical tensions remained elevated. Both companies have moved away from fixed-price contracts, and as those contracts have diminished as parts of their business, should see margin expansion over the next few years. European countries have also pledged to increase their spending on defense, which, given the lack of capacity available for European defense companies, should benefit U.S. defense primes." An aerial view of a commercial jetliner in flight, its airframe glinting in the sun. RTX Corporation (NYSE:RTX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 80 hedge fund portfolios held RTX Corporation (NYSE:RTX) at the end of the fourth quarter which was 72 in the previous quarter. While we acknowledge the potential of RTX Corporation (NYSE:RTX) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered RTX Corporation (NYSE:RTX) and shared Jim Cramer's thoughts on a selection of stocks. RTX Corporation (NYSE:RTX) contributed to Longleaf Partners Fund's performance in the first quarter. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
