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ARLINGTON, Va. - Raytheon, a business unit of RTX (NYSE: RTX), has secured a follow-on contract with the U.S. Army Futures Command, Futures and Concepts Center. The contract will extend the use of Raytheon’s Rapid Campaign Analysis and Demonstration Environment (RCADE), a modeling and simulation capability designed to support strategic military decision-making. According to InvestingPro data, RTX stands as a prominent player in the Aerospace & Defense industry, with its stock currently trading near its 52-week high of $135.74.
Under the initial contract, Raytheon developed large-scale theater scenarios to evaluate multi-domain conflict operations. With the new agreement, Raytheon will create an ongoing experimentation environment using RCADE. This platform will assist the U.S. Army’s concept developers and Battle Labs in making informed force design decisions.
Colin Whelan, president of Advanced Technology at Raytheon, stated, "This contract demonstrates the U.S. Army’s confidence in our ability to quickly analyze options and adapt solutions to meet evolving needs." He emphasized the collaborative effort to optimize decision-making through data-driven insights.
RCADE serves as a tool for Raytheon’s analysts to collaborate with the Army, fostering a continuous exchange between simulation models and the evolving landscape of real-world threats. This partnership aims to facilitate swift innovation and experimentation, potentially benefiting other Department of Defense agencies seeking to test and refine their solutions.
Raytheon has been a longstanding provider of defense solutions, contributing to national security and defense over the past century. The company specializes in a broad range of defense technologies, including integrated air and missile defense, smart weapons, advanced sensors, and space-based systems.
RTX, the parent company of Raytheon, stands as the world’s largest aerospace and defense company, employing over 185,000 people globally. In 2024, RTX reported sales of $80.74 billion, achieving a robust revenue growth of 17.15% year-over-year. The company maintains a strong financial position with a moderate debt level and has demonstrated its commitment to shareholder returns by maintaining dividend payments for 55 consecutive years. InvestingPro analysis reveals 8 additional key insights about RTX’s financial health and market position, available to subscribers. The company’s comprehensive Pro Research Report, part of InvestingPro’s coverage of 1,400+ US equities, offers detailed analysis for informed investment decisions.
The information in this article is based on a press release statement.
In other recent news, Collins Aerospace, a business unit of RTX, announced the upcoming shipments of its Airshow HD in-flight entertainment system, which integrates with Venue smart monitors. This standalone system is designed for business aviation, offering features like interactive moving maps and streaming entertainment. Collins Aerospace also received approval to begin full production of its Mounted Assured Positioning, Navigation, and Timing Generation II system, which will be used in U.S. Army and Marine Corps vehicles. Furthermore, Collins Aerospace secured a contract to supply 144 ACES II ejection seats for the U.S. Air Force’s F-15EX aircraft, continuing its collaboration with Boeing Defense.
Analyst firms have recently adjusted their outlooks on RTX Corp., with Baird upgrading the stock rating to Outperform and setting a target price of $160. This upgrade reflects optimism about RTX’s future cash flow and potential benefits from defense initiatives. Similarly, UBS upgraded RTX Corp.’s stock to Buy, raising the price target to $147, citing strong positioning in both commercial and defense sectors. UBS expects a notable increase in earnings per share in the coming years, driven by robust international defense demand and potential increases in NATO defense spending. These developments highlight RTX’s strategic advancements and the positive analyst sentiment surrounding its future prospects.
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