Raytheon awarded $71 million in Navy contracts for missile systems
MADRID - Collins Aerospace, a business unit of RTX (NYSE: RTX), has announced improvements to its SelfServ™ platform, a Common Use Self Service (CUSS) system aimed at simplifying the airport experience for travelers and streamlining operations for airlines. The upgraded SelfServ system integrates check-in and bag drop processes, allowing passengers to independently manage their journey through newly designed kiosks. As a prominent player in the Aerospace & Defense industry, RTX has demonstrated strong financial performance with revenue reaching $80.74 billion in the last twelve months. According to InvestingPro analysis, the company currently appears fairly valued based on comprehensive fundamental analysis.
The system's integration with Collins' SelfPass™ biometric identity solution lets passengers enroll their biometrics once to facilitate secure and swift movement through various airport checkpoints, including security and boarding. This biometric enhancement is intended to provide a more seamless travel experience.
The SelfServ platform operates on a common-use model, enabling multiple airlines to utilize the same infrastructure. This shared approach is designed to reduce costs and improve space efficiency at airports. Airlines can also potentially reduce staffing needs, as the system allows one agent to monitor several kiosks or bag drops simultaneously.
Nicole White, Vice President and General Manager of Connected Aviation at Collins Aerospace, highlighted the integration of SelfServ within a larger portfolio of self-service and biometric technologies as a key differentiator, noting the commitment to improving passenger experiences and meeting the demand for more efficient and cost-effective travel solutions.
Currently, over 100 airlines are certified to use the SelfServ platform, which is also supported by Collins Aerospace's range of managed services. These services are intended to help airports manage IT resources more effectively and mitigate risks.
Demonstrations of the SelfServ kiosks and other integrated self-service solutions are being showcased at the Passenger Terminal Expo in Madrid, Spain.
Collins Aerospace, as part of RTX, is focused on delivering advanced solutions for the aerospace and defense sectors. RTX, a global leader in aerospace and defense with a workforce of over 185,000 employees, reported sales exceeding $80 billion in 2024. The company is headquartered in Arlington, Virginia.
This announcement is based on a press release statement from Collins Aerospace.
In other recent news, Raytheon, a subsidiary of RTX, has awarded contracts to Nammo and Northrop Grumman for the initial development phase of the MK72 solid rocket motor, aiming to boost production capacity and diversify its supplier base. This move is part of Raytheon's strategy to meet the rising global demand for defense systems. Additionally, Raytheon has secured a follow-on contract with the U.S. Army Futures Command to extend the use of its Rapid Campaign Analysis and Demonstration Environment, enhancing strategic military decision-making capabilities. Collins Aerospace, another business unit of RTX, announced the launch of its standalone Airshow™ HD in-flight entertainment system for business jets, offering advanced features like interactive moving maps and streaming entertainment.
Furthermore, Baird analyst Peter Arment has upgraded RTX's stock rating from Neutral to Outperform, raising the price target to $160 from $136. This upgrade is based on the anticipation of reduced headline risk related to GTF engines and the expected benefits from global missile replenishment cycles and strong Department of Defense budgets. Arment notes that RTX is likely to benefit from substantial supplemental spending bills and the Golden Dome for America initiative. These developments collectively highlight RTX's ongoing efforts to strengthen its position in the aerospace and defense sectors.
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