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MCKINNEY, Texas - Raytheon, an RTX (NYSE:RTX) business, with a market capitalization of $210 billion and strong momentum according to InvestingPro data, on Monday launched its newest Multispectral Targeting System variant, MTS-A HD, designed to enhance visual capabilities for maritime helicopter operations.
The new system offers improved targeting precision, imaging clarity, and operational flexibility for naval helicopter platforms. According to a company press release, Raytheon is working with industry and commercial partners to accelerate production and reduce costs. The initiative aligns with RTX’s robust financial performance, generating over $83 billion in revenue over the last twelve months.
"Navy helicopter pilots need the clearest possible view when flying in hostile areas," said Bryan Rosselli, president of Advanced Products & Solutions at Raytheon.
The MTS-A HD builds upon Raytheon’s existing MTS family of sensors, which are currently deployed on more than 400 U.S. Navy helicopters. The system features a modular architecture that allows for integration with existing MTS users.
Raytheon reports that the new targeting system has attracted international interest from multiple countries including Australia, Denmark, Saudi Arabia, India, Norway, Greece, Spain, South Korea, and markets in Europe and Asia.
The company describes the MTS-A HD as a "next-generation variant" that enables helicopter crews to make faster and more informed decisions during operations.
Raytheon, headquartered in McKinney, Texas, is a business unit of RTX, which reported $69 billion in sales for 2023 and employs approximately 185,000 people globally. The stock has shown impressive performance, trading near its 52-week high with a 41% return over the past year. For detailed analysis and additional insights, check out the comprehensive research report available on InvestingPro.
In other recent news, RTX Corp. reported strong earnings, with adjusted earnings per share of $1.56, surpassing both RBC Capital’s estimate and the consensus forecast of $1.44. Following this, RBC Capital raised its price target for RTX to $170 while maintaining an Outperform rating. Additionally, BofA Securities increased its price target for RTX to $175 from $150, keeping a Buy rating. Goldman Sachs reiterated a Neutral rating and a $141 price target after RTX’s second-quarter performance exceeded revenue, EBIT, and EPS expectations, though free cash flow was slightly below projections.
RTX has also updated its 2025 guidance, raising its revenue outlook by 2% at the midpoint but lowering EPS projections by about 3% due to tariff impacts. In another development, Raytheon, part of RTX Corp., secured a $32.5 million contract to provide medium range intercept capability components for the U.S. Marine Corps. Raytheon was also awarded a $51.9 million modification to an existing contract for Stinger Air-to-Air Launchers, bringing the total contract value to $96.25 million. These recent developments highlight significant contract awards and adjustments in financial expectations for RTX Corp.
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