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MarketScreener Homepage  >  Equities  >  Nyse  >  Raytheon Technologies Corporation    RTX

RAYTHEON TECHNOLOGIES CORPORATION

(RTX)
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Raytheon Technologies : Collins Aerospace adds navigation receivers to its expansive content on Boeing T-7A Red Hawk; Leverages commercial technology; Joins significant previously announced Collins content on Boeing T-7A Red Hawk, including ACES 5 ejection seat, landing gear system, power and controls, and multiple sensors

10/13/2020 | 11:38am EST

CEDAR RAPIDS, Iowa - Collins Aerospace Systems, a unit of Raytheon Technologies Corp. (NYSE: RTX), has been selected by Boeing to provide its proven NAV-4500 navigation receivers for the T-7A Red Hawk, the U.S. Air Force's (USAF) new advanced pilot training system in development by both Boeing and Saab.

This award builds on previously announced Collins Aerospace positions on the T-7A, including its ACES 5 ejection seat; the platform's fully integrated landing gear system; various Power & Controls components, including the aircraft's Power Take Off (PTO) shaft, Auxiliary Power Engine Control Unit (APECU), engine start system and Main Electric Power Generation System (MEPGS); as well as air data, ice detection and total air temperature sensors.

By selecting the NAV-4500, Boeing brings Collins Aerospace's commercial technology proven over multiple generations of aircraft to its T-7A program. These navigation receivers package the VHF Omnidirectional Range (VOR) and Instrument Landing System (ILS) radio signals, glideslope and marker beacon into a single, space-saving product designed for simple and flexible installation via a remote mount.

'The NAV-4500 will provide the T-7A with proven technology in the military operating environment, while offering industry-leading size, weight and power resulting from the system's commercial baseline,' said Dave Schreck, vice president and general manager of Military Avionics and Helicopters at Collins Aerospace. 'We are proud to bring a number of solutions from across Collins Aerospace to support both Boeing and the USAF on their next-generation advanced pilot training system.'

About Collins Aerospace

Collins Aerospace Systems is a leader in technologically advanced and intelligent solutions for the global aerospace and defense industry. Collins Aerospace has the capabilities, comprehensive portfolio and expertise to solve customers' toughest challenges and to meet the demands of a rapidly evolving global market. With 2019 net sales of approximately $26 billion, the business has 78,000 employees across more than 300 locations globally. It is one of the four businesses that form Raytheon Technologies. For more information, visit CollinsAerospace.com.

About Raytheon Technologies

Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With 195,000 employees and four industry-leading businesses ? Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ? the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts.

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
RAYTHEON TECHNOLOGIES CORPORATION 0.14% 73.91 Delayed Quote.-16.33%
THE BOEING COMPANY -0.51% 216.5 Delayed Quote.-33.20%
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Financials (USD)
Sales 2020 64 109 M - -
Net income 2020 1 010 M - -
Net Debt 2020 21 973 M - -
P/E ratio 2020 -43,3x
Yield 2020 2,55%
Capitalization 111 B 111 B -
EV / Sales 2020 2,08x
EV / Sales 2021 1,96x
Nbr of Employees 243 200
Free-Float 72,1%
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 76,88 $
Last Close Price 73,91 $
Spread / Highest target 24,5%
Spread / Average Target 4,02%
Spread / Lowest Target -14,8%
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NameTitle
Gregory J. Hayes Chief Executive Officer & Director
Thomas A. Kennedy Executive Chairman
Paolo C. Dal Cin Head-Operations & Supply Chain
Anthony F. O'Brien Chief Financial Officer
Mark E. Russell Head-Technology & Global Engineering
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