SATHEESHKUMAR KUMARASINGAM APPOINTED PRESIDENT OF PRATT & WHITNEY CANADA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy RTX?
Source: moomoo
- New Appointment: S. A. T. H. E. E. S. H. K. U. M. A. R has been named the President of Pratt & Whitney Canada.
- Company Overview: Pratt & Whitney Canada is a leading aerospace manufacturer specializing in aircraft engines and related services.
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Analyst Views on RTX
Wall Street analysts forecast RTX stock price to fall
14 Analyst Rating
9 Buy
5 Hold
0 Sell
Moderate Buy
Current: 203.190
Low
168.00
Averages
195.77
High
215.00
Current: 203.190
Low
168.00
Averages
195.77
High
215.00
About RTX
RTX Corporation is an aerospace and defense company, which provides advanced systems and services for commercial, military, and government customers worldwide. The Company operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Collins Aerospace segment provides technologically advanced aerospace and defense products and aftermarket service solutions for civil and military aircraft manufacturers, commercial airlines, and regional, business and general aviation, as well as for defense and commercial space operations. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers. The Raytheon segment provides defensive and offensive threat detection, tracking and mitigation capabilities for the United States and foreign government and commercial customers. The Raytheon designs, develops, and provides advanced capabilities in integrated air and missile defense, smart weapons, missiles and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- New Appointment: S. A. T. H. E. E. S. H. K. U. M. A. R has been named the President of Pratt & Whitney Canada.
- Company Overview: Pratt & Whitney Canada is a leading aerospace manufacturer specializing in aircraft engines and related services.
See More
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- Significant Contract Value: Raytheon (RTX) has secured a $627 million contract with the Netherlands for Patriot missile defense systems, aimed at rapid delivery of advanced air defense capabilities to support European and NATO protection, thereby enhancing its competitive position in the international market.
- Positive Market Reaction: RTX shares have risen 7.6% year-to-date and 59.8% over the past year, indicating strong investor interest in its defense and aerospace business mix, particularly with the new contract potentially boosting the company's market valuation further.
- Growing International Demand: This contract indicates increasing international demand for RTX's missile defense systems as European governments prioritize airspace protection, which not only enhances the company's global standing but may also facilitate future follow-on work with other NATO partners.
- Long-term Strategic Alignment: Although the Dutch order is relatively small compared to RTX's existing $50 billion Patriot umbrella contract, it demonstrates export customers' confidence in RTX's ground-based air defense systems, potentially supporting future factory utilization, spares, and training work, thereby reinforcing its competitive advantage in the industry.
See More
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- Significance of Ceasefire Talks: Pakistani Prime Minister Shehbaz Sharif describes the U.S.-Iran talks as a 'make or break' effort to end a six-week conflict that has closed the Strait of Hormuz, reduced global oil supply by 15%, and cost the Pentagon between $25 billion and $35 billion.
- Economic Objectives for the Strait: The U.S. delegation, led by Vice President JD Vance, aims for the unconditional reopening of the Strait of Hormuz; however, the task is daunting due to the 'haphazard' mining of the waterway, with Iran raising new preconditions such as the release of 'blocked assets'.
- Military Capacity and Strategic Leverage: While U.S. intelligence indicates that Iran's military capacity has significantly diminished, with its missile inventory halved, it still possesses over 1,000 medium-range ballistic missiles, many concealed in underground complexes, indicating ongoing strategic threats.
- Domestic Pressure and Oil Price Impact: As gas prices rise, the U.S. administration faces intense domestic pressure, with polls showing that two out of three Americans favor ending the war, which could influence the government's negotiating stance and decisions.
See More
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- Price Range Analysis: The IWD ETF has a 52-week low of $169.04 and a high of $226.39, with the last trade at $222.04, indicating significant price fluctuations that may attract investor interest in its performance.
- Technical Analysis Tool: Comparing the current share price to the 200-day moving average can provide investors with valuable insights for technical analysis, aiding in market trend assessment and potential buying opportunities.
- ETF Unit Trading Mechanism: ETFs trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on investor demand, impacting the liquidity and market performance of the ETF.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify notable inflows (new units created) or outflows (old units destroyed), which can significantly affect the performance of the individual stocks held within the ETF.
See More
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- New Appointment: S. A. T. H. E. E. S. H. K. U. M. A. R has been named the President of Pratt & Whitney Canada.
- Company Overview: Pratt & Whitney Canada is a leading aerospace manufacturer specializing in aircraft engines and related services.
See More
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- Contract Value: Raytheon has secured a $627 million contract to supply the Netherlands with Patriot missile defense system equipment, which not only enhances the country's defense capabilities but also strengthens its ongoing relationship with the Dutch government.
- System Components: The agreement includes radars, launchers, and command-and-control stations designed to bolster the Netherlands' integrated air and missile defense capabilities, reflecting the urgent need for European nations to upgrade their defense systems amid rising geopolitical tensions.
- Strategic Importance: The Patriot system serves as the centerpiece of air defense for NATO and allied nations, effectively countering tactical ballistic missiles, cruise missiles, and advanced aerial attacks, ensuring air defense for 19 countries, particularly excelling in complex large-scale attack scenarios.
- Production Acceleration: Raytheon is ramping up production to meet demand and deliver systems swiftly, indicating the urgency among U.S. allies to deploy advanced defensive systems in response to evolving threats, highlighting the changing global security landscape.
See More
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- Western Digital's Strong Performance: Morgan Stanley's Earnings Surprise Composite model ranks Western Digital in the 96th percentile, indicating a likely earnings beat driven by a nearly 900% stock price increase over the past year due to AI-related memory chip shortages.
- Citi's Robust Rally: Citi ranks in the 93rd percentile on Morgan Stanley's screen, with a 158% stock price increase over the past three years, and analysts expect it to report $2.67 earnings per share and $23.34 billion in revenue for Q1.
- RTX's Steady Performance: As a defense contractor, RTX is in the 81st percentile of the Earnings Surprise Composite model, and despite a slight decline since the U.S.-Iran war began on February 28, it is expected to report $1.50 earnings per share and $21.39 billion in revenue for Q1.
- Upcoming Earnings Season: With the earnings season approaching, investors are focusing on Western Digital, Citi, and RTX, which are expected to exceed market expectations, potentially driving their stock prices higher.
See More
