Latest news with #RTX
Yahoo
11 hours ago
- Business
- Yahoo
RTX's Raytheon Unit Set to See Sales Boost With Major Defense Contracts
RTX Corporation (RTX), a prominent defense contractor, plays a key role in a wide array of defense operations, with its Raytheon business segment offering a variety of weapons, including air, sea and land-based missiles, interceptors, command and control mission solutions, radars, cyber solutions and a few more. Thanks to RTX's experience of delivering cutting-edge products to the defense market, its Raytheon unit enjoys a solid inflow of contracts for its combat-proven products like AIM-9X, AMRAAM and Standard Missile-6 (SM-6) as well as Global Patriot Solutions. This, in turn, bolsters this unit's revenue growth. The Raytheon unit reported a year-over-year increase of 1.4% in sales in 2024 and 4.7% in 2023. The unit's recently secured multi-million-dollar defense contracts should continue to boost its top-line performance in the days ahead. In June 2025, RTX won a $1.10 billion contract modification for the production and delivery of AIM-9X Lot 25 missiles. In the same month, RTX was awarded a $250 million contract from Japan's Mitsubishi Electric Corporation ('MELCO') for ESSM Block 2 licensed production. Earlier, in May, RTX secured a $1 billion contract to supply up to 55 Standard Missile-3 (SM-3) missiles. As nations worldwide race to modernize their defense systems, prominent U.S.-based defense contractors like Northrop Grumman (NOC) and Lockheed Martin Corporation (LMT) are also securing more and more contracts for their combat-proven products, thereby ensuring a steady revenue stream for themselves. In June, the Swedish Defence Materiel Administration selected Lockheed Martin's TPY-4 next-generation ground-based air surveillance radar to enhance the country's long-range surveillance capabilities, making Sweden the third nation to adopt this advanced fifth-generation radar system. Additionally, the company was awarded a $250 million contract to produce the F-35 logistics information system, which includes the Autonomic Logistics Information System and Operational Data Integrated Network and Mission Planning Environment hardware. On the other hand, Northrop clinched a $267.2 million contract in March to manufacture and deliver two MQ-4C Triton unmanned air systems and provide the U.S. Navy with a main operating base, along with associated support, related technical and administrative data services. The company clinched a $481.3 million contract in January for providing updates and improvements to the Integrated Air and Missile Defense Battle Command System's software. Shares of RTX have gained 45.3% in the past year compared with the industry's 19% growth. Image Source: Zacks Investment Research The company shares are trading at a discount on a relative basis, with its forward 12-month Price/Earnings being 22.95X compared with its industry's average of 26.70X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for RTX's 2025 and 2026 earnings has moved south over the past 60 days. The same for the second and the quarters of 2025 has also gone south. Image Source: Zacks Investment Research RTX stock currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT) : Free Stock Analysis Report Northrop Grumman Corporation (NOC) : Free Stock Analysis Report RTX Corporation (RTX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Globe and Mail
17 hours ago
- Business
- Globe and Mail
RTX's Raytheon Unit Set to See Sales Boost With Major Defense Contracts
RTX Corporation ( RTX ), a prominent defense contractor, plays a key role in a wide array of defense operations, with its Raytheon business segment offering a variety of weapons, including air, sea and land-based missiles, interceptors, command and control mission solutions, radars, cyber solutions and a few more. Thanks to RTX's experience of delivering cutting-edge products to the defense market, its Raytheon unit enjoys a solid inflow of contracts for its combat-proven products like AIM-9X, AMRAAM and Standard Missile-6 (SM-6) as well as Global Patriot Solutions. This, in turn, bolsters this unit's revenue growth. The Raytheon unit reported a year-over-year increase of 1.4% in sales in 2024 and 4.7% in 2023. The unit's recently secured multi-million-dollar defense contracts should continue to boost its top-line performance in the days ahead. In June 2025, RTX won a $1.10 billion contract modification for the production and delivery of AIM-9X Lot 25 missiles. In the same month, RTX was awarded a $250 million contract from Japan's Mitsubishi Electric Corporation ('MELCO') for ESSM Block 2 licensed production. Earlier, in May, RTX secured a $1 billion contract to supply up to 55 Standard Missile-3 (SM-3) missiles. Other Defense Contractors Riding on Solid Contract Flows As nations worldwide race to modernize their defense systems, prominent U.S.-based defense contractors like Northrop Grumman ( NOC ) and Lockheed Martin Corporation ( LMT ) are also securing more and more contracts for their combat-proven products, thereby ensuring a steady revenue stream for themselves. In June, the Swedish Defence Materiel Administration selected Lockheed Martin's TPY-4 next-generation ground-based air surveillance radar to enhance the country's long-range surveillance capabilities, making Sweden the third nation to adopt this advanced fifth-generation radar system. Additionally, the company was awarded a $250 million contract to produce the F-35 logistics information system, which includes the Autonomic Logistics Information System and Operational Data Integrated Network and Mission Planning Environment hardware. On the other hand, Northrop clinched a $267.2 million contract in March to manufacture and deliver two MQ-4C Triton unmanned air systems and provide the U.S. Navy with a main operating base, along with associated support, related technical and administrative data services. The company clinched a $481.3 million contract in January for providing updates and improvements to the Integrated Air and Missile Defense Battle Command System's software. The Zacks Rundown for RTX Shares of RTX have gained 45.3% in the past year compared with the industry 's 19% growth. The company shares are trading at a discount on a relative basis, with its forward 12-month Price/Earnings being 22.95X compared with its industry's average of 26.70X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for RTX's 2025 and 2026 earnings has moved south over the past 60 days. The same for the second and the quarters of 2025 has also gone south. RTX stock currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report RTX Corporation (RTX): Free Stock Analysis Report
Techday NZ
20 hours ago
- Techday NZ
NVIDIA & Black Forest Labs boost AI image editing with FLUX.1
NVIDIA has partnered with Black Forest Labs to optimise the FLUX.1 Kontext image generation model for RTX GPUs using TensorRT. Black Forest Labs has developed the FLUX.1 Kontext model to further simplify the process of guiding and refining AI-generated images. Unlike traditional workflows that combine multiple models and rely on ControlNets for fine-tuning, FLUX.1 Kontext offers a single solution for both generating and editing images through natural language. This approach enables users to start with a reference image and direct edits using simple language prompts, eliminating complex multi-model workflows. The model handles both text and image inputs, allowing users to reference a visual concept and guide its development in a more coherent and intuitive manner. Model capabilities The FLUX.1 Kontext model offers several core features, including character consistency, localised editing, style transfer, and real-time performance. Black Forest Labs describes the key capabilities as follows: Character Consistency: Preserve unique traits across multiple scenes and angles. Localised Editing: Modify specific elements without altering the rest of the image. Style Transfer: Apply the look and feel of a reference image to new scenes. Real-Time Performance: Low-latency generation supports fast iteration and feedback. The goal is to enable coherent, high-quality edits that remain faithful to the original concepts. By providing both natural language and image-based editing options, FLUX.1 Kontext aims to make the refining process more accessible to a broader range of users, without the need for technical expertise or additional models. Performance optimisations NVIDIA collaborated with Black Forest Labs to optimise FLUX.1 Kontext for RTX GPUs using the TensorRT software development kit. This includes quantising the model to reduce VRAM requirements and improve accessibility for users running it locally. According to NVIDIA, these changes deliver more than twice the acceleration compared to running the original BF16 model with PyTorch, allowing for lower latency and faster iteration times in real-time editing workflows. As described by Black Forest Labs, the optimisation was designed to open up access to the benefits of high-fidelity AI image editing to a larger audience: "To further streamline workflows and broaden accessibility, NVIDIA and Black Forest Labs collaborated to quantise the model - reducing the VRAM requirements so more people can run it locally - and optimised it with TensorRT to double its performance. Thanks to TensorRT - a framework to access the Tensor Cores in NVIDIA RTX GPUs for maximum performance - users gain access to over 2x acceleration compared with running the original BF16 model with PyTorch." Availability and developer support FLUX.1 Kontext [dev] is now available for download in both Torch and TensorRT variants on the Hugging Face platform. Users can run the Torch models in ComfyUI, and Black Forest Labs has also made an online playground available for broader experimentation. For developers and advanced users, NVIDIA is preparing sample code to support the integration of TensorRT pipelines, with additional resources expected to be released later this month. The release of FLUX.1 Kontext follows a period of increased interest in adaptable, user-friendly AI image generation solutions. By combining natural language guidance, visual references, and enhanced GPU optimisation, the companies aim to further reduce barriers to AI-powered image editing for both hobbyists and professionals. Follow us on: Share on:
Yahoo
3 days ago
- Business
- Yahoo
LHX vs. RTX: Which Stock Is the Better Value Option?
Investors looking for stocks in the Aerospace - Defense sector might want to consider either L3Harris (LHX) or RTX (RTX). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits. L3Harris and RTX are sporting Zacks Ranks of #2 (Buy) and #4 (Sell), respectively, right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that LHX has an improving earnings outlook. However, value investors will care about much more than just this. Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels. Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years. LHX currently has a forward P/E ratio of 24.08, while RTX has a forward P/E of 24.15. We also note that LHX has a PEG ratio of 2.01. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. RTX currently has a PEG ratio of 2.61. Another notable valuation metric for LHX is its P/B ratio of 2.46. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, RTX has a P/B of 3.04. These metrics, and several others, help LHX earn a Value grade of B, while RTX has been given a Value grade of C. LHX stands above RTX thanks to its solid earnings outlook, and based on these valuation figures, we also feel that LHX is the superior value option right now. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report L3Harris Technologies Inc (LHX) : Free Stock Analysis Report RTX Corporation (RTX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Associated Press
5 days ago
- Business
- Associated Press
TransDigm Announces Acquisition of the Simmonds Precision Products, Inc. Business of Goodrich Corporation from RTX Corporation
CLEVELAND, June 30, 2025 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG) today announced it has entered into a definitive agreement to acquire the Simmonds Precision Products, Inc. Business ('Simmonds' or 'the Company') of Goodrich Corporation from RTX Corporation (NYSE: RTX) for approximately $765 million in cash, including certain tax benefits. Simmonds, headquartered in Vergennes, Vermont, is a leading global designer and manufacturer of fuel & proximity sensing and structural health monitoring solutions for the aerospace and defense end markets. The Company's products are highly engineered, proprietary components with significant aftermarket content and a strong presence across major aerospace and defense platforms. Approximately 40% of Simmonds' revenue is derived from the aftermarket and nearly all of its revenue is generated from proprietary products. Simmonds is expected to generate approximately $350 million in revenue for the calendar year ending December 31, 2025. The Company employs approximately 900 people. Kevin Stein, TransDigm's President and Chief Executive Officer, stated, 'We are excited about the acquisition of Simmonds. The Company's highly engineered, proprietary products with substantial aftermarket content fit well with our long-standing strategy. Simmonds has established positions across a diverse range of commercial and defense platforms. The Company is an industry leader in fuel & proximity sensing and structural health monitoring technology, and we are excited to partner with Simmonds to continue investing in the business. We also look forward to working with and continuing to support Simmonds' commercial and defense customers. As with all TransDigm acquisitions, we expect this acquisition to create equity value in-line with our long-term private equity-like return objectives.' The acquisition is subject to regulatory approvals in the United States and customary closing conditions. The acquisition is expected to be financed through existing cash on hand. About TransDigm Group TransDigm Group, through its wholly-owned subsidiaries, is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, engineered latching and locking devices, engineered rods, engineered connectors and elastomer sealing solutions, databus and power controls, cockpit security components and systems, specialized and advanced cockpit displays, engineered audio, radio and antenna systems, specialized lavatory components, seat belts and safety restraints, engineered and customized interior surfaces and related components, advanced sensor products, switches and relay panels, thermal protection and insulation, lighting and control technology, parachutes, high performance hoists, winches and lifting devices, and cargo loading, handling and delivery systems, specialized flight, wind tunnel and jet engine testing services and equipment, electronic components used in the generation, amplification, transmission and reception of microwave signals, and complex testing and instrumentation solutions. Forward-Looking Statements All forward-looking statements involve risks and uncertainties that could cause TransDigm Group's actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, TransDigm Group. These risks and uncertainties include but are not limited to: the sensitivity of our business to the number of flight hours that our customers' planes spend aloft and our customers' profitability, both of which are affected by general economic conditions; supply chain constraints; increases in raw material costs, taxes and labor costs that cannot be recovered in product pricing; failure to complete or successfully integrate acquisitions; our indebtedness; current and future geopolitical or other worldwide events, including, without limitation, wars or conflicts and public health crises; cybersecurity threats; risks related to the transition or physical impacts of climate change and other natural disasters or meeting sustainability-related voluntary goals or regulatory requirements; our reliance on certain customers; the United States ('U.S.') defense budget and risks associated with being a government supplier including government audits and investigations; failure to maintain government or industry approvals; risks related to changes in laws and regulations, including increases in compliance costs and potential changes in trade policies and tariffs; potential environmental liabilities; liabilities arising in connection with litigation; risks and costs associated with our international sales and operations; and other factors. Further information regarding the important factors that could cause actual results to differ materially from projected results can be found in TransDigm Group's most recent Annual Report on Form 10-K and other reports that TransDigm Group or its subsidiaries have filed with the Securities and Exchange Commission. Except as required by law, TransDigm Group undertakes no obligation to revise or update the forward-looking statements contained in this press release. Contact: Investor Relations (216) 706-2945 [email protected] View original content to download multimedia: SOURCE TransDigm Group Inc.
