ARLINGTON - Collins Aerospace, a business unit of RTX (NYSE: RTX), has announced the delivery of its mobile air traffic control systems, known as Air Traffic Navigation, Integration, and Coordination Systems (ATNAVICS), to the U.S. Air Force. These systems are designed to be rapidly deployable and capable of managing air traffic in challenging and contested environments.
ATNAVICS are vehicle-mounted systems that include new Primary Surveillance Radars with extended range capabilities. The systems are engineered to be quickly operational with minimal personnel and provide full-service air traffic management, including surveillance, precision landing, and identification-friend-or-foe functionalities.
Philippe Limondin, vice president and general manager at Collins Aerospace, highlighted the efficiency and expedience of the ATNAVICS, stating they can be established swiftly by a small crew and are designed to offer a comprehensive air traffic solution in the field.
The introduction of these systems supports the U.S. Air Force's Agile Combat Employment doctrine, which emphasizes expeditionary air traffic management and embedded mission command, even in highly contested areas. The technology incorporated into ATNAVICS aims to ensure air traffic services continue under adverse weather conditions and in harsh environments.
Currently, ATNAVICS is operational with various branches of the U.S. military, including the Marine Corps, Army, and Air Force, and is now available for global deployment through direct commercial sales.
RTX, deemed the world's largest aerospace and defense company, reported 2023 sales of $68.9 billion and employs over 185,000 people worldwide.
The information in this article is based on a press release.
InvestingPro Insights
As Collins Aerospace, a unit of RTX, delivers its innovative ATNAVICS systems to the U.S. Air Force, the financial health and market position of its parent company RTX are essential for investors to consider. With a robust market capitalization of $119.88 billion, RTX stands as a significant player in the Aerospace & Defense industry. The company's commitment to innovation and growth is reflected in its financials, with a revenue increase of 2.75% over the last twelve months as of Q4 2023, indicating a steady upward trajectory in sales.
Investors may also find comfort in RTX's long-standing history of dividend payments, having maintained these for 54 consecutive years, a testament to its financial stability and reliability. The dividend yield as of early 2024 stands at a healthy 2.61%, coupled with a dividend growth of 7.27% in the last twelve months as of Q4 2023, showcasing RTX's dedication to returning value to its shareholders.
Two InvestingPro Tips that could be particularly pertinent for readers interested in RTX include the company's aggressive share buyback strategy, which can often signal management's confidence in the company's future prospects, and the expectation of net income growth this year. These insights, along with additional tips available on InvestingPro, could provide a more comprehensive understanding of RTX's potential. For those looking to delve deeper, there are a total of 8 InvestingPro Tips available, which can be accessed with a special offer using the coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
With the next earnings date set for April 23, 2024, investors will be keen to see how the deployment of ATNAVICS and other strategic initiatives impact RTX's financial performance and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.