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RTX's unit, Raytheon, secures a $75.1 million contract to support the SM-2 and SM-6 missile programs.
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Former RTX CEO Gregory Hayes will step down as executive chairman and member of the board, the aerospace and defense major said on Monday.
RTX reported strong Q4 results with double-digit sales growth across all channels, leading to a buy rating for 2025 with a $145 price target. The company achieved 11% organic sales growth for the year, with significant profit increases in all segments, driven by higher volumes and favorable mix. RTX's guidance for 2025 includes 4-5% organic sales growth, strong free cash flow, and productivity improvements, supporting a robust outlook.
RTX Corporation RTX shares are trading lower on Wednesday.
Homerun! Why RTX Remains One Of My Favorite Dividend Growers
RTX's Q4 sales of $21.62 billion surpass the Zacks Consensus Estimate by 5.2%. The metric also surges a solid 8.5% from the prior-year level.
Shares of RTX (RTX 3.14%) are jumping Tuesday. The firm's stock gained 2.5% as of 12:50 p.m.
RTX Corporation (NYSE:RTX ) Q4 2024 Earnings Conference Call January 28, 2025 8:30 AM ET Company Participants Chris Calio - President and CEO Neil Mitchill - CFO Nathan Ware - VP of IR Conference Call Participants Myles Walton - Wolfe Research Peter Arment - Baird Ron Epstein - Bank of America Scott Deuschle - Deutsche Bank Rob Stallard - Vertical Research Sheila Kahyaoglu - Jefferies Seth Seifman - JPMorgan Jason Gursky - Citi Research Gautam Khanna - TD Cowen Matt Akers - Wells Fargo Ken Herbert - RBC Capital Markets David Strauss - Barclays Noah Poponak - Goldman Sachs Scott Mikus - Melius Research Operator Good day, ladies and gentlemen, and welcome to the RTX Fourth Quarter 2024 Earnings Conference Call. My name is Latif, and I will be your operator for today.
Shares of RTX (RTX) and Lockheed Martin (LMT) headed in opposite directions Tuesday after the two big defense contractors reported quarterly results.