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CEDAR RAPIDS, Iowa - Collins Aerospace, an RTX (NYSE:RTX) business, has begun providing JetBlue with its FlightAware Foresight technology, according to a press release issued Tuesday. RTX, a prominent player in the Aerospace & Defense industry with annual revenue of $83.6 billion, has maintained strong financial performance with an EBITDA of $14.1 billion in the last twelve months.
The predictive analytics tool utilizes real-time flight tracking and machine learning algorithms to help airlines identify potential delays caused by weather, congestion or other factors. JetBlue integrated the technology into its system-wide operations in July.
The tool aims to improve operational visibility and decision-making by alerting operators to potential disruptions, allowing them to make adjustments to gates, crews and schedules. This capability is designed to enhance on-time performance and provide passengers with more timely updates about schedule changes.
"JetBlue is committed to using advanced technology to enhance our operations and better serve our passengers," said Tom Lloyd, JetBlue Director, SOC Strategy & Continuous Improvement, in the statement.
Nicole White, vice president and general manager of Connected Aviation at Collins Aerospace, said the technology "empowers JetBlue to make proactive, informed decisions" affecting the passenger experience.
The FlightAware Foresight system processes billions of data points through machine learning algorithms to generate its predictions, according to the company’s announcement.
Collins Aerospace is one of three major business units of RTX, which reported 2024 sales of more than $80 billion. The company’s stock has shown impressive momentum, trading near its 52-week high of $158.79, with a robust return of 34% over the past year. According to InvestingPro, which offers comprehensive analysis and 13 additional key insights about RTX, the stock is currently trading at Fair Value. For deeper insights into RTX’s performance and future prospects, investors can access the detailed Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, RTX Corp. has secured a significant $50 billion umbrella contract from the Defense Logistics Agency for systems production, spare parts, and support services. This 20-year contract, awarded as a sole-source acquisition, will extend through July 31, 2045. Raytheon, a division of RTX Corp., has also been awarded a $3.5 billion contract for the production of Advanced Medium Range Air-to-Air Missiles. Additionally, Raytheon Co. received a $258.7 million contract from the U.S. Department of Defense for the development of the Standard Missile 2 Block IIICU.
In other developments, Raytheon successfully completed a 360-degree flight test for its Lower Tier Air and Missile Defense Sensor, marking progress from prototype to production. Velo3D, Inc. announced its participation in a U.S. Army-funded initiative to enhance aluminum manufacturing for defense, collaborating with RTX and the Raytheon Technologies Research Center. This collaboration aims to support the U.S. Army’s modernization priorities, including system agility and operational readiness. These recent developments reflect ongoing advancements and contracts within the defense sector involving RTX Corp. and its subsidiaries.
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