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Raytheon Technologies Corporation (RTX)
NYSE - Nasdaq Real Time Price. Currency in USD
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Can’t believe this company stock is finally taking off (no pun intended). Maybe we’re going to get rewarded for being patient.
The first stock I ever bought. Nice to see some movement in the right direction
Looks like we have a solid beat/raise at RTX. These guys are looking good. Guidance up on defense and commercial air travel recovery projections.
This should be trading at 100+
(Reuters) -U.S. aerospace manufacturer Raytheon Technologies Corp on Tuesday lifted the lower end of its full-year sales forecast on strong performance of its defense unit and recovery in commercial air travel.
Neil Mitchill, Raytheon's newly appointed chief financial officer, said in an interview that "increasing confidence and a commercial aero recovery that we began to see take hold at the end of the first quarter" led to the company's view for 2021.
While demand for Raytheon's aviation technologies and service for aircraft manufacturers slumped during the global health crisis, its robust defense unit that contributes more than half of overall sales continued to lift its bottom line.
During the quarter the company had $1.4 billion in classified bookings for defense products which Mitchill said was "clearly an indication that the operations tempo is increasing from where we saw it exiting 2020."
The company now expects between $63.9 billion and $65.4 billion in full-year sales, compared with its previous forecast of $63.4 billion to $65.4 billion.
For the quarter, Raytheon had earnings per share of $0.90 versus Wall Street analyst's consensus estimate of $0.88. Revenue rose to $15.25 billion from $11.36 billion but missed Wall Street's estimate of $15.36 billion."
Upgraded by Langenberg & Company Hold » Buy
Upgraded by Ladenburg Thalmann Neutral » Buy USD 100
I've been buying and holding this stock since 2007 haven't sold yet
continue to buy and HOLD
does anyone know if there wS a stock buyback prior to announced dividend increase
earnings will be a winner next week. up we go.
100 end of 2021
who bought at 63? me
beat priced in???
Hopefully outlook is a beat also.
If RTX can get back to $7 earnings then SP is an easy $110
52 week high!
Raytheon (RTX) Wins $518M Deal to Manufacture AMRAAM Systems
MAR 31, 2021 8:19AM EDT
Raytheon Technologies Corp.’s RTX Missiles and Defense segment recently clinched a contract for the production of the 34th lot of Advanced Medium Range Air-to-Air Missile (AMRAA. The deal also includes priced options for the 35th and 36th lot.
Valued at $518.4 million, the contract has been awarded by the Air Force Life Cycle Management Center, Eglin Air Force Base, FL. Per the terms, the company will also offer Captive Air Training Missiles (CATMs), guidance sections, AMRAAM Telemetry System (ATS), initial and field spares, and other production engineering support hardware and activities.
Work related to the deal will be executed in Tucson, AZ, and is scheduled to be completed by Dec 31, 2023. This contract involves unclassified Foreign Military Sales (FMS) to Bulgaria, Canada, Denmark, Indonesia, Japan, Portugal, Qatar, Saudi Arabia, Slovakia, South Korea, and Qatar.
Raytheon Technologies’ AMRAAM is a versatile combat-proven air dominance weapon and enjoys solid demand from varied countries worldwide. This is evident from the latest contract win.
Notably, this missile is currently being used by 37 countries across the globe, including nations such as Norway, Australia, the United Kingdom, Japan, Poland, Kuwait, Qatar, and other allied countries. AMRAAM has been integrated into some of the renowned fighter jets like Boeing’s BA F-15 and F/A-18 as well as Lockheed Martin’s LMT F-22 Raptor and F-35 Lightning.
In 2020, Raytheon Technologies came out with a software update for AMRAAM. This should usher in more contract wins for this particular missile system, thereby boosting revenue growth potential for the company in the coming days.
Buying more shares of RTX today.
Adding to my CARR position too.
how we feeling about earnings?
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want to make more money get ALTO SELB and ARBKF under value stock with huge cash on hand
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