RTX Corp. Guides FY24 Adj. EPS In Line And Sales Below Estimates - Update
(RTTNews) - While reporting financial results for the fourth quarter on Tuesday, aerospace and defense company RTX Corp. (RTX), previously Raytheon Technologies Corp., initiated its adjusted earnings and sales outlook for the full-year 2024. It also trimmed its adjusted annual sales growth guidance for 2020 to 2025.
For fiscal 2024, the company now projects adjusted earnings in a range of $5.25 to $5.40 per share on sales between $78.0 billion and $79.0 billion.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.28 per share on sales of $79.66 billion for the year. Analysts' estimates typically exclude special items.
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Raytheon Secures $506 Mln NASA Contract To Develop Landsat Next Instrument Suite
Defense solutions provider Raytheon, an RTX Corp. (RTX) business, announced Thursday it was awarded a $506 million contract from NASA to design and build the Landsat Next Instrument Suite (LandIS), which includes three next generation space instruments, with an option for an additional instrument.
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6 days ago
RTX's Pratt & Whitney Canada Inks 6-year Fleet Management Deal With TAAG Airlines
Pratt & Whitney Canada and TAAG Angola Airlines E.P., Angola's state-owned airline, on Wednesday signed a six-year Fleet Management Program agreement. Pratt & Whitney is an RTX Corp. (RTX) business.
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49 days ago
RTX's Pratt & Whitney Consortium Succeeds In V2500 Engine's Test With 100% SAF
IAE International Aero Engines AG, a consortium comprised of RTX Corp.'s Pratt & Whitney and others, has successfully tested the V2500 engine with 100 percent sustainable aviation fuel or SAF. In a statement, RTX said the V2500 engine, which currently powers the A320ceo family aircraft and the Embraer C-390 Millenium, was tested at MTU Maintenance Hannover, Germany.
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93 days ago
Pratt & Whitney GTF Engines Selected By Viva Aerobus To Power 90 More Airbus A321neo's
Pratt & Whitney, an Raytheon Technologies Corp. (RTX) business, announced Wednesday that Mexican airline Viva Aerobus has selected its GTF engines to power an additional 90 Airbus A321neo firm aircraft orders, the first of which is expected to be delivered in 2027.
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350 days ago
Raytheon Technologies Reaffirms FY23 Outlook - Update
While reporting financial results for the first quarter on Tuesday, aerospace and defense company Raytheon Technologies Corp. (RTX) reaffirmed its adjusted earnings outlook for the full-year 2023.
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421 days ago
Raytheon Technologies Boosts FY22 Adj. EPS Outlook
While reporting financial results for the third quarter on Tuesday, aerospace and defense company Raytheon Technologies Corp. (RTX) raised its adjusted earnings outlook for the full-year 2022, while trimming annual revenue guidance.
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603 days ago
U.S. Homebuilder Confidence Unexpectedly Dips To Six-Month Low In June
A report released by the National Association of Home Builders on Wednesday unexpectedly showed a continued deterioration in U.S. homebuilder confidence in the month of June. The report said the NAHB/Wells Fargo Housing Market Index fell to 43 in June after slumping to 45 in May, while economists had expected the index to come in unchanged.
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6h 18min ago
Nvidia Overtakes Microsoft As World's Most Valuable Company
Chipmaker Nvidia Corp. has become the world's most valuable company, overtaking tech major Microsoft Corp., on the strength of surging demand for artificial intelligence or AI chips worldwide. The company now has a market cap of $3.335 trillion, compared to Microsoft's $3.317 trillion.
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8h 3min ago
