61.20 +0.19 (0.31%)
After hours: 7:33PM EDT
Price Crosses Moving Average
|Bid||61.11 x 900|
|Ask||61.29 x 800|
|Day's Range||60.20 - 61.64|
|52 Week Range||43.44 - 99.71|
|Beta (5Y Monthly)||0.85|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 28, 2020|
|Forward Dividend & Yield||1.90 (3.11%)|
|Ex-Dividend Date||Aug 13, 2020|
|1y Target Est||74.69|
With the recent modification, the ceiling value of the contract acquired by Raytheon (RTX) increases to $8 billion from $2 billion.
Raytheon Technologies (RTX) set to carry out engineering and manufacturing development and software development to support ESSM.
Raytheon Technologies (NYSE: RTX) will issue its second quarter 2020 earnings on Tuesday, July 28, prior to the stock market opening. A conference call will take place at 8:30 a.m. ET.
Bloomberg reported Thursday that the commercial aerospace and defense giant (BA) is pulling the plug on its iconic 747 double-decker jumbo jet. “At a build rate of half an airplane per month, the 747-8 program has more than two years of production ahead of it,” a Boeing spokesperson told Barron’s. “We will continue to make the right decisions to keep the production line healthy and meet customer needs.” Not a lot compared with the more than 1,500 jumbo jets Boeing has delivered over time.
Raytheon Technologies (RTX) is set to offer non-warranty repairs, program support, contractor logistics support and service life prediction program analysis, supporting the AMRAAM weapon system
Shares of Raytheon Technologies (NYSE: RTX) were down 34.6% in the first half of 2020. Given the weakness in commercial aerospace due to the COVID-19 pandemic, some amount of pressure is to be expected. Raytheon Technologies was formed in April when defense contractor Raytheon combined with the aerospace unit of United Technologies, the first defense megamerger in a generation.
Over the past five trading sessions, the defense biggies put up a mixed show with Boeing and Lockheed Martin losing but Northrop and Textron recording gains.
(Bloomberg) -- Anduril Industries Inc., a Southern California startup that builds technology for military agencies and border surveillance, said it raised a new funding round nearly doubling the company’s valuation to $1.9 billion.Silicon Valley money has rapidly propelled the three-year-old company. Venture capital firm Andreessen Horowitz led the latest financing, which totaled $200 million. The investment firm also participated in a deal about a year ago, along with Peter Thiel’s Founders Fund and other VCs, that valued Anduril at about $1 billion. That was four times the valuation from a year earlier.The business is controversial. Anduril builds surveillance towers and drones, along with software to automatically monitor areas like international borders and the perimeter of military bases. “We founded Anduril because we believe there is value in Silicon Valley technology companies partnering with the Department of Defense,” Brian Schimpf, the chief executive officer of Anduril, said in a statement Wednesday.But it’s Anduril’s work with other agencies that draws the greatest criticism. The company’s first government contracts were with U.S. Customs and Border Protection, where it put up towers along the U.S.-Mexican border. Mark Morgan, the acting commissioner of the agency, told Congress in February that immigration authorities planned to have 200 autonomous surveillance towers in place this year. On Thursday, Customs and Border Protection said in a statement that the tower system was a “program of record,” meaning it’s essential enough to have a dedicated line of funding from Congress, and that the towers would operate 24 hours a day, independent of the electrical grid. Few VC-backed startups have seriously pursued military contracts, mostly ceding the field to huge, politically connected defense contractors like Lockheed Martin Corp., Raytheon Technologies Corp., and Boeing Co. This is partially due to the impression that small companies will get too bogged down in government work to become profitable and partially because of political controversies surrounding high-tech surveillance and autonomous weapons.Anduril was founded in 2017 on the idea that such hesitation is an opportunity. Founders of the Irvine, California-based company include veterans of Thiel’s Palantir Technologies Inc.—a major contractor to government agencies including immigration officials—as well as Palmer Luckey, a vocal supporter of Donald Trump whose 2017 departure from Facebook Inc. became a flashpoint in an intramural political debate in Silicon Valley.Last year, Anduril expanded beyond surveillance, building a system of small drones that will automatically ram targets that enter contested airspace. Its initial pitch is to defend against small drones used to surveil or attack military bases, though Anduril has said the product could be expanded to combat larger targets in the future. Marc Andreessen described Anduril in a blog post last fall as part of a “new generation of Silicon Valley-style defense vendors.”Anduril now has more than 30 federal contracts which could be worth over $200 million, according to an analysis by Tech Inquiry, a research group. Anduril has said it works with U.S. allies, too, including the U.K. Ministry of Defense.(Updates with Customs and Border Protection statement in the fourth paragraph. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Raytheon Technologies (RTX) closed at $61.62 in the latest trading session, marking a -0.48% move from the prior day.
DOW UPDATE Shares of Boeing and Dow Inc. are seeing declines Tuesday afternoon, dragging the Dow Jones Industrial Average into negative territory. The Dow (DJIA) was most recently trading 16 points (0.
DOW UPDATE Dragged down by declines for shares of Boeing and Dow Inc., the Dow Jones Industrial Average is declining Tuesday afternoon. The Dow (DJIA) was most recently trading 81 points (0.3%) lower, as shares of Boeing (BA) and Dow Inc.
DOW UPDATE The Dow Jones Industrial Average is down Tuesday morning with shares of Boeing and Dow Inc. seeing the biggest losses for the price-weighted average. Shares of Boeing (BA) and Dow Inc. (DOW) are contributing to the index's intraday decline, as the Dow (DJIA) was most recently trading 75 points lower (-0.
DOW UPDATE Shares of Boeing and Raytheon Technologies Corp. are posting positive gains Monday afternoon, sending the Dow Jones Industrial Average soaring. The Dow (DJIA) is trading 558 points, or 2.2%, higher, as shares of Boeing (BA) and Raytheon Technologies Corp.
DOW UPDATE The Dow Jones Industrial Average is rallying Monday afternoon with shares of Boeing and Raytheon Technologies Corp. delivering the strongest returns for the index. Shares of Boeing (BA) and Raytheon Technologies Corp.
Raytheon Technologies (RTX) will provide seven transportable surveillance and control model 2 radars to the Saudi Arabian military, per the recent deal terms.
DOW UPDATE The Dow Jones Industrial Average is rallying Monday morning with shares of Boeing and Raytheon Technologies Corp. seeing positive gains for the index. The Dow (DJIA) is trading 409 points, or 1.
DOW UPDATE Powered by strong returns for shares of Boeing and Raytheon Technologies Corp., the Dow Jones Industrial Average is up Monday morning. Shares of Boeing (BA) and Raytheon Technologies Corp. (RTX) are contributing about a quarter of the blue-chip gauge's intraday rally, as the Dow (DJIA) is trading 110 points (0.
Raytheon Missiles & Defense, a Raytheon Technologies business (NYSE: RTX), received a $2.3 billion U.S. Missile Defense Agency production contract for seven gallium nitride (GaN)-based AN/TPY-2 radars as part of the Terminal High Altitude Area Defense (THAAD) system, which is designed to protect against incoming ballistic missile threats. The contract is part of a foreign military sale to the Kingdom of Saudi Arabia.
DOW UPDATE The Dow Jones Industrial Average is down Thursday morning with shares of Intel and Raytheon Technologies Corp. seeing the biggest declines for the blue-chip average. The Dow (DJIA) was most recently trading 44 points (0.
DOW UPDATE Dragged down by losses for shares of Boeing and Walt Disney, the Dow Jones Industrial Average is falling Thursday morning. The Dow (DJIA) was most recently trading 172 points lower (-0.7%), as shares of Boeing (BA) and Walt Disney (DIS) are contributing to the blue-chip gauge's intraday decline.
Moody's Investors Service, ("Moody's") has today assigned a Baa3 rating to the E500 million senior unsecured notes issued by MTU Aero Engines AG (MTU). MTU Aero Engines AG has issued E500 million of senior unsecured notes for general corporate purposes. The assignment of a Baa3 rating, in line with MTU's long term issuer rating, reflects the senior and unsecured nature of the notes being issued.
DOW UPDATE Shares of Dow Inc. and Boeing are trading lower Wednesday afternoon, sending the Dow Jones Industrial Average into a slump. Shares of Dow Inc. (DOW) and Boeing (BA) have contributed to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 789 points lower (-3.
DOW UPDATE The Dow Jones Industrial Average is slumping Wednesday morning with shares of Boeing and Dow Inc. delivering the stiffest headwinds for the price-weighted average. Shares of Boeing (BA) and Dow Inc.