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PHOENIX - Collins Aerospace, a business unit of RTX (NYSE: RTX), has announced the upcoming first shipments of its Airshow™ HD in-flight entertainment system, integrated with Venue™ smart monitors. RTX, currently trading near its 52-week high of $135.36, has demonstrated remarkable strength with a 43% return over the past year, according to InvestingPro data. This new offering provides a comprehensive standalone IFE solution for business aviation, suitable for a range of jets from light to heavy aircraft.
The Airshow HD system allows for the first time the integration of interactive moving maps, streaming entertainment, and 4K resolutions without the need for a full Venue cabin management system upgrade. Nathan Voight, Vice President and General Manager at Collins Aerospace, emphasized the system’s flexibility and customization options, catering to the evolving demands of business jet owners.
The system’s features include the Airshow HD mobile application, compatible with both iOS and Android devices, enabling users to control the IFE system and cast content to cabin monitors from their personal smartphones or tablets. Designed for ease of installation, maintenance, and future upgrades, the system merges with existing aircraft connectivity systems, offering passengers a seamless transition between entertainment and personal content.
The standalone IFE solution is adaptable to various aircraft sizes and configurations, with touchscreen smart monitors and compatibility with third-party applications such as streaming services and satellite TV. Demonstrations of the new system are available at the Aircraft Electronics Association Convention & Trade Show this week at Collins Aerospace booth #125.
Collins Aerospace is recognized for delivering intelligent solutions for the aerospace and defense industry. RTX, the parent company, is a global leader in aerospace and defense, with a significant footprint in technology and science innovation. The company achieved impressive revenue of $80.74 billion in the last twelve months, with a healthy 17.2% growth rate. InvestingPro analysis reveals RTX’s strong financial health, maintaining dividend payments for 55 consecutive years and achieving an exceptional Piotroski Score of 8, indicating robust financial strength. For deeper insights into RTX’s performance and future prospects, investors can access comprehensive Pro Research Reports available on InvestingPro, covering over 1,400 top US stocks.
The information for this article is based on a press release statement and financial data from InvestingPro, which offers 12 additional exclusive ProTips and detailed metrics for RTX investors.
In other recent news, RTX Corp. has seen significant developments across its business units. Pratt & Whitney, a division of RTX, secured a substantial $1.5 billion contract with the U.S. Air Force to support F119 engines for the F-22 Raptor fighter jets. This three-year agreement aims to enhance engine readiness and reduce maintenance costs. Collins Aerospace, another RTX unit, announced the full production of its MAPS GEN II system, designed to provide assured navigation for military vehicles, aligning with Department of Defense modernization goals. Additionally, Collins Aerospace won a contract to supply 144 ACES II® ejection seats for the U.S. Air Force’s F-15EX aircraft, reinforcing its role in aircrew safety.
Analysts have also taken note of RTX’s potential. Baird upgraded RTX Corp.’s stock rating to Outperform, with a new price target of $160, citing anticipated benefits from government spending and defense initiatives. UBS followed suit, upgrading the stock to Buy and raising the price target to $147, driven by strong commercial and defense demand. The firm highlighted potential revenue growth from NATO defense spending and noted the robust performance of Pratt & Whitney’s engines. These recent developments underscore RTX’s strategic positioning in the aerospace and defense industry.
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