ARLINGTON, Va. , May 2, 2024 /PRNewswire/ -- RTX (NYSE: RTX) announced today that its Board of Directors declared a dividend of 63 cents per outstanding share of RTX common stock, which represents an increase of 6.8 percent over the prior quarter's dividend amount.
Amidst the turbulence of global economic shifts, geopolitical crises and industry challenges, RTX Corporation (NYSE: RTX) emerges as a beacon of resilience and growth in last few quarters. The company, formerly known as Raytheon Technologies, recently released its Q1 2024 earnings report, unveiling a robust performance that surpassed market expectations.
https://www.marketbeat.com/stocks/NYSE/HWM/Year-to-date, the industrials sector has demonstrated significant outperformance, surging by over 7% compared to the benchmark SPY ETF, which has seen a more modest increase of just over 5.6%.
RTX beat on sales and earnings last week, growing its profits 20%. On Wednesday, Susquehanna analyst Christopher Rolland raised his price target on RTX stock.
RTX suffered a big PR blow last year when it admitted to manufacturing defects in one of its most popular airplane engines. Nine months later, Wells Fargo's Matthew Akers says airplane groundings to fix the problem have peaked.
Spanish partner to contribute to European GEM-T missile development and production TUCSON, Ariz. , April 29, 2024 /PRNewswire/ -- Raytheon, an RTX business (NYSE: RTX), has awarded Spanish supplier, Sener, a contract to develop and produce the electro-mechanical control section of the Patriot® GEM-T missile.
The world is growing more hostile by the day, with rises in violence and volatility from Ukraine and Gaza to Yemen and Sudan. As humanitarian crises and ticking nuclear threats brew, the surging conflicts leave investors worried about the fate of the stock market.
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