MAAT INDEX

CLAIM #52280 · RTX Corporation (RTX) · 2024Q2 earnings call · Jul 25, 2024 · due Dec 31, 2024

And on the defense side, we're investing in test equipment and tooling to more than double production capacity by year-end in our Coyote program

Chris Calio · CEO

PENDING
graded after results covering Dec 31, 2024 are reported

How to check this claim

Look at: Coyote program production capacity (units per period)

It came true if: Year-end 2024 production capacity >= 2x the capacity level at start of the investment period

Where: Management commentary on RTX earnings calls (Q4 2024 / FY2024 call)

In context

our avionics business improved first pass yield by 2x in its fire detection product line by reconfiguring the production sell-out, creating digital tools and upgrading equipment. And at Raytheon, the team conducted a core leadership week to identify initiatives to more than double weekly output on a key component of our AIM9X effector. As a result, the team achieved a 90% increase in output in the quarter, is on track to hit their full year target by the end of Q3. We also continue to add capacity to meet the demands of the industrial ramp-up. During the quarter, we announced a $200 million investment in our carbon break facility in Spokane, Washington. Once complete, it will add 70,000 square feet of manufacturing footprint to meet rapidly growing demand for our Collins brake solutions. And on the defense side, we're investing in test equipment and tooling to more than double production capacity by year-end in our Coyote program, which is a low-cost kinetic effector for the counter unmanned aircraft systems that directly address today's drone threats. In addition to creating new capacity, we continue to modernize our existing footprint as part of our Industry 4.0 initiatives. Across RTX, we have now connected 26 factories with our proprietary digital analytics technology, providing us with real-time data to boost equipment efficiency, improve quality and yield higher output. This represents a 30% increase in connected sites since the start of the year, and we remain on track to connect 40 factories by the end of the year. These incremental efficiency, capacity and technology improvements are critical to meeting the needs of our customers as we operate in the strongest demand environment in our history. Let me mov

Verify independently

SEC filings for RTX · Claim quote is verbatim from the 2024Q2 earnings call.