American multinational aerospace and defense conglomerate
RTX Corporation
Trade name
RTX
Formerly
Raytheon Technologies Corporation (2020–2023)
Company type
Public
Traded as
NYSE: RTX
S&P 100 component
S&P 500 component
ISIN
US75513E1010
Industry
Aerospace
Defense
Information Security
Electronics
Predecessors
United Technologies
Raytheon Company
Founded
April 3, 2020; 4 years ago (April 3, 2020)
Founders
Vannevar Bush Laurence K. Marshall Charles G. Smith (as American Appliance Company, later Raytheon in 1922) Frederick Rentschler (as United Technologies in 1934)
Headquarters
Arlington, Virginia, U.S.
Area served
Worldwide
Key people
Christopher T. Calio (CEO) Gregory J. Hayes (Chairman)
Revenue
US$68.92 billion (2023)
Operating income
US$3.56 billion (2023)
Net income
US$3.20 billion (2023)
Total assets
US$161.9 billion (2023)
Total equity
US$59.80 billion (2023)
Number of employees
185,000 (2023)
Subsidiaries
Collins Aerospace
Pratt & Whitney
Raytheon Intelligence & Space
Raytheon Missiles & Defense
Raytheon BBN
Website
rtx.com
Footnotes / references [1][2]
RTX Corporation, formerly Raytheon Technologies Corporation,[3][4] is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services.[note 1][7] In 2023, the company's seat in Forbes Global 2000 was 79.[8] RTX manufactures aircraft engines, avionics, aerostructures, cybersecurity solutions, guided missiles, air defense systems, satellites, and drones. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. government.[9][10]
The company is the result of the merger of equals between the aerospace subsidiaries of United Technologies Corporation (UTC) and the Raytheon Company, which was completed on April 3, 2020. Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation. UTC is the nominal survivor of the merger but it changed its name to Raytheon Technologies and moved its headquarters to Waltham, Massachusetts.[2][11] Former UTC CEO and chairman Gregory J. Hayes is chairman and CEO of the combined company.[12]
The company, which changed its name to RTX in July 2023, has three subsidiaries: Collins Aerospace, Pratt & Whitney, and Raytheon (formerly Raytheon Intelligence & Space and Raytheon Missiles & Defense).[3]
^"Raytheon Technologies Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 5, 2024.
^ ab"United Technologies and Raytheon Complete Merger of Equals Transaction". www.rtx.com (Press release). Raytheon Technologies. April 3, 2020. Retrieved April 3, 2020.
^ abMoore-Carrillo, Jaime (June 20, 2023). "Raytheon rebrands as RTX". DefenseNews.com. Defense News. Retrieved June 21, 2023.
^"Amendments to Articles of Incorporation or Bylaws". RTX Investors. July 17, 2023.
^"BREAKING: Arlington scores another major corporate headquarters". June 7, 2022. Retrieved June 7, 2022.
^Maffei, Lucia (July 26, 2022). "Raytheon Has Quietly Completed Its Headquarters Move". NBC Boston. Retrieved September 6, 2022.
^"Raytheon 2018 Annual Report, p122". Raytheon.
^"The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
^Ehrenfreund, Max (December 5, 2016). "CEO: United Tech. considered federal contracts in decision to keep Indiana jobs in deal with Trump". The Washington Post. Retrieved January 2, 2016. I also know that about 10 percent of our revenue comes from the U.S. government," [United Technologies chief executive Greg Hayes] said.
^"CorpWatch : United Technologies". Archived from the original on July 4, 2015. Retrieved July 3, 2015.
^Kilgore, Tomi (April 4, 2020). "Raytheon Technologies' stock, formerly United Technologies, starts trading in". MarketWatch.
^Raytheon Technologies. "Gregory J. Hayes".
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Global Information
US$68.92 billion (2023)
US$3.56 billion (2023)